as almost every American knows gas prices have climbed 5 cents a gallon the past 2 weeks and are at the highest level since the Persian Gulf war. President Clinton has dispatched his Energy Secretary to find the root of this problem. She should not have to fly very far or look hard--after all, this same administration increased gas taxes by almost 5 cents per gallon in 1993. Offered in the name of deficit reduction, this tax hike is now hitting millions of American motorists who are grumbling loudly at the pumps. Fiscal conservatives in Congress are currently exploring ways to repeal this regressive tax. However, it's not easy because as we found when repealing the Clinton tax on seniors' Social Security benefits, liberals hate to give up any taxes. The American people will be given a clear choice--the tax hikes and status quo spending of the Clinton administration or the billions of dollars of real spending cuts and tax relief of this Congress. Americans should think about that the next time they fill up knowing President Clinton feels their pain.
Porter Goss: “as almost every American knows gas prices have climbed 5 cents a gallon the past 2 weeks and are at the highest level…”
Editor's note · Context
Discussing rising gas prices and tax implications during a speech on the House floor.
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