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Tell me it ain't so, Joe! Raising taxes on the middle class again?
www.foxbusiness.com
Lawmakers are poised to reinstate a decades-old fee on oil imports, though some critics say that would violate President Biden’s pledge not to raise taxes on anyone making less than $400,000.
The proposal, included in a $433 billion tax and climate bill, would reinstate a 16.4 cents-per-barrel tax on crude oil imports and taxes on imported petroleum products. President Biden has tried three times to reinstate the tax but has been unsuccessful thus far, according to a Fox News analysis.
Manchin-Schumer bill would reinstate tax on imported oil and petroleum products
A bill spearheaded by Sens. Schumer and Manchin and supported by Biden would reinstate an excise tax on oil imports, which critics say will be passed on to consumers.
www.foxbusiness.com
Lawmakers are poised to reinstate a decades-old fee on oil imports, though some critics say that would violate President Biden’s pledge not to raise taxes on anyone making less than $400,000.
The proposal, included in a $433 billion tax and climate bill, would reinstate a 16.4 cents-per-barrel tax on crude oil imports and taxes on imported petroleum products. President Biden has tried three times to reinstate the tax but has been unsuccessful thus far, according to a Fox News analysis.
