Economic Jeopardy

Economic Jeopardy from RightChange on Vimeo.

Obama Blew It In Egypt

Another Campaign Promise Bites the Dust

President Obama promised that there would be no tax increases on families whose income was less than $250,000 a year. Once again he has broken that promise, included in Obama’s proposed $3,730,000,000,000(3.73 trillion) budget is a gas tax increase of 15 cents per gallon. If passed that increase would mean that for every gallon of gas the average person purchases 33 online pharmacy viagra.4 cents of the price would be federal tax generic cialis. In the area I live in Virginia the average price of a gallon of regular gas is $2.97, if the only increase would be the federal tax that would mean that the consumer would be paying $3.12 per gallon which is a  tax rate of 12.88% per gallon, close to double what is being paid now. This gets worse when you figure in the state tax which in Virginia, whose tax is the twelfth lowest in the country, is 19 viagra online.3 cents per gallon, now we are talking about a 20 cialis online.3% tax on gasoline.

Even though if you look at this tax increase on weekly basis for a two car family it would probably be only an extra $3.00 per week, however if you look at it on a yearly basis it comes out to about $156 or a week’s groceries for a family of four. If a family is on a tight budget, and who isn’t these days, a week’s worth of groceries is significant. When this “hidden” tax is added to all the other hidden taxes we pay then you are looking at a considerable amount of money being taken from the consumer.

If this tax increase was to go through and the price at the pump goes up by an additional 15 cents over a one or two year period, I am sure they will implement this over time; the average person will just blame the greedy oil companies instead of the greedy politicians generic viagra.  Of course when it comes to gouging the public never underestimate our representatives

Herman Cain's Speech at CPAC