This week the Senate is traveling back in time to debate Jimmy Carter’s favorite solution to the energy crisis: an oil windfall profits tax. According to the Congressional Research Service, Carter’s oil windfall profits tax failed to raise revenues, decreased domestic oil production, and increased American dependence on foreign oil. …
Fast becoming an official communications appendage of the Barack Obama campaign, the New York Times editorializes today on the “petty pandering” of Hillary Clinton’s and John McCain’s call for a suspension of the federal gas tax over the summer. Noting that the policy would not deliver lower prices for consumers, …
