Research

When reports of increasing the gas tax as part of so-called “climate legislation” was floated, the White House was quick to turn “the hose on that fire.” But Americans haven’t forgotten that President Obama does support a so-called “cap-and-trade” national energy tax that will “significantly increase gas prices” according to an economics professor at North Carolina State University:

In addition to having drastic effects on the economy, the cap-and-trade system could significantly increase gasoline prices in the short run, perhaps as much as 60 cents per gallon ... In the meantime, because of increased costs, oil production would decline making us more, not less, dependent on foreign oil.

One of those “drastic effects on the economy” from the national energy tax could be nearly 1 million jobs lost per year. And while Democrats are trying to rebrand this national energy tax, Americans aren’t going to be fooled:

But “gas tax” is a compound cuss word in Washington, even less acceptable in polite society than “cap and trade.” The quick moves to squelch such talk show that terms such as “price on carbon” or “linked fee” … aren’t going to fool anyone, especially in an election year.

This just goes to show that Obama’s rhetoric on energy is just as much of a smokescreen as his so-called “expansion” of energy production.