Actually, it now about $42,352.49 owed by each citizen of the United States to pay off the national debt. If calculated for just those that actually work, it is about double, but why worry? The Democrats will raise taxes to cover your share of the debt. Of course, you'll have to pay more taxes to cover the new taxes plus the ever rising national debt, but that's your problem because the Democrats are only here to help. Unfortunately, they actually believe that.
Democrats propose further tax hike on offshore oil
Senate Democrats are moving to quintuple the tax that oil companies pay into an oil spill liability fund.
The move would raise $15 billion over the coming decade as Congress seeks to shore up the fund in the wake of the catastrophic spill in the Gulf of Mexico. But it's also being used to ease a tax hike passed by the House on investment fund managers.
Of course the Democrats have also figured out how manufacturers, gas pumps and other sellers of oil based products like home heating oil will be able to ascertain at the point of sale who makes over $250,000 per year and who doesn't, because a promise is a promise and Obama would never break a promise. Like he would never raise taxes on those who make under $250,000, right?
Oil as class warfare brought to you by the Democratic Party of the United States of America. It's not just for sci-fi anymore.
