A Project of The Annenberg Public Policy Center

Another Bogus ‘New Taxes’ Claim

It didn’t take long after President Obama released his latest budget for the oil lobby to pick up the misleading cry that it’s being targeted for “new taxes.” That’s mostly not true. Energy Tomorrow, a project of the American Petroleum Institute, ran a print ad in Washington, D.C.’s Politico Feb. 14 asking, “Guess who’ll pay for new energy taxes?”
The problem with that rhetorical question is that most of the “new taxes” are actually a proposed end to some old tax breaks —

A Full Tank of Nonsense

McCain’s new ad accuses Obama of keeping gas prices high, all by himself. That’s absurd, and McCain knows it – he has said repeatedly that our current problems were "30 years in the making."
The ad also tells us that gas prices are high because "some in Washington are still saying no to drilling in America." Not true. The federal government’s estimate is that if the moratorium on offshore drilling were lifted today, it would be 2030 before we’d see a noticeable effect on supply and prices.