Five years ago the D’s cut the interest rate on student loans and scheduled them to go back up this July 1. Obama and Congress want to extend the discounted rates.
Obama wants to pay for it by increasing taxes on oil companies which they will pass on as higher gas prices. Corporations never pay taxes, they just collect them from consumers.
They also continue the requirement for 10% ethanol in the gas while the 45ยข per gallon subsidy expired in December resulting in higher prices as well.
Obama Wants to Raise Gas Prices! No surprise.
April 27, 2012 by Steve Larrimore
Gas prices tend to be at the highest these days, i definitely desire that the gasoline costs will be lessened as the economoy as well as economic crisis improves..