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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: Elroy Jetson who wrote (41148)	4/24/2006 5:09:52 PM
From: rayok	Read Replies (3) of 110194

Thankfully someone has a clue. WASHINGTON (MarketWatch) -- The Senate's top tax writer was cool Monday to calls to impose a windfall-profits tax on oil companies. Ultimately, "only consumers pay taxes," Senate Finance Committee Chairman Charles Grassley, R-Iowa, told reporters. "I see it as driving up the price of gasoline." Grassley said he was also "somewhat backing off" an inventory-based tax proposal aimed at the oil industry. Rising gas prices and record oil industry profits have led to growing calls by lawmakers for a profits tax, as well as tighter industry oversight. End of Story "The ides that "consumers pay for all taxes" is false, even though its a very popular idea in some circles."

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