[Educator-Gold] POLITICS: POLITICAL PARTIES: REPUBLICAN PARTY, TEA PARTY : INDUSTRIES: PETROLEUM : LIBERTARIANISM : RACISM : BIGOTRY : EXTREMISM : HATE GROUPS : INTOLERANCE : PRESIDENT: DONALD TRUMP : BLATANT FALSEHOODS: SERIAL LIARS : REPUBLICAN WAR ON WOMEN : RAPE CULTURE : SEXISM: Why The Koch Brothers Just Warned Of A Gasoline Price Spike

 

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POLITICS: POLITICAL PARTIES: REPUBLICAN PARTY, TEA PARTY :

INDUSTRIES: PETROLEUM :

LIBERTARIANISM :

RACISM :

BIGOTRY :

EXTREMISM :

HATE GROUPS :

INTOLERANCE :

PRESIDENT: DONALD TRUMP :

BLATANT FALSEHOODS :

SERIAL LIARS :

REPUBLICAN WAR ON WOMEN :

RAPE CULTURE :

SEXISM :

THE KOCH BROTHERS:

Why The Koch Brothers Just Warned Of A Gasoline Price Spike

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Why The Koch Brothers Just Warned Of A Gasoline Price Spike

By Charles Kennedy –

December 21, 2016, 11:10 AM CST

Oil Price.com

http://oilprice.com/Energy/Energy-General/ Why-The-Koch-Brothers-Just-Warned-Of-A-Gasoline-Price-Spike.html

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A shorter URL for the above link:

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http://tinyurl.com/jula28d

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The Koch brothers are taking on a proposed border tax that could crop up in the Republican plan for a monumental tax overhaul, arguing that such a tax would hurt American motorists by leading to a spike in gasoline prices.

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The Koch brothers do not typically wage huge fights against the Republican Party, and they are keen to see the promised overhaul to the U.S. tax code proceed, which could lead to huge corporate tax cuts. But the Republicans are also considering a provision that would tax imports in order to provide a jolt to American manufacturing for export. In a Koch-funded report released last week, the so-called border adjustability proposal that Republicans are considering would lead to a 30 cent per gallon rise in gasoline prices. The Koch brothers said the border tax could be devastating to the economy.

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If passed, the tax would have huge consequences for the U.S. oil industry, the report from The Brattle Group says. Exporting tax-free would mean that U.S oil producers would rather export than sell to domestic refiners, which would be subjected to tax. The tax for domestic sales would mean that oil companies would demand a higher price from refiners to sell domestically. Ultimately, those higher costs would be passed on to consumers in form of higher prices at the pump. In other words, the border adjustment tax would increase gasoline prices.

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The complete article may be read at the URL above.

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Sincerely,
David Dillard
Temple University
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jwne@temple.edu
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[Educator-Gold] POLITICS: POLITICAL PARTIES: REPUBLICAN PARTY, TEA PARTY : INDUSTRIES: PETROLEUM : LIBERTARIANISM : RACISM : BIGOTRY : EXTREMISM : HATE GROUPS : INTOLERANCE : PRESIDENT: DONALD TRUMP : BLATANT FALSEHOODS: SERIAL LIARS : REPUBLICAN WAR ON WOMEN : RAPE CULTURE : SEXISM: Why The Koch Brothers Just Warned Of A Gasoline Price Spike

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