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With Polls Closed, Dems To Unveil Gas Prices Legislation
May 07, 2008 10:05 AM
ABC News' Z. Byron Wolf Reports: It took Democrats nearly a week to put together what they're calling the "Consumer First Energy Act of 2008" - a legislative package to address high gas prices. The bill will be unveiled at 2:15 p.m. Wednesday after the Democrats have their weekly caucus meeting.
Perhaps they were waiting for their weekly party lunch to gauge support for members, but the delay also conveniently allowed Democrats to avoid injecting themselves into the presidential campaign.
Along with Republican presidential candidate Sen. John McCain, R-Ariz., Sen. Hillary Clinton, D-NY, had championed a temporary roll back of the federal tax levied on gas - a proposal ridiculed by Sen. Barack Obama, D-Ill., as political pandering.
The story received a lot of press in the run up to the Indiana and North Carolina primaries Tuesday night. Both Senator Clinton and Obama split the two states on the table, but Obama's strong showing in North Carolina solidified his lead in the delegate count.
The specifics on the Democrats' new gas prices bill are under wraps, but one thing is for sure: a so-called "gas tax holiday" is not a part of the bill.
Republicans unveiled their own proposal to deal with high gas prices - a grab bag of measures largely opposed in the past by Democrats - last week. While McCain originally supported the gas tax holiday, its notable that Republicans in the Senate didn't include it in their recent gas prices legislation.
There is already a traffic jam for legislation on the Senate floor and its unclear when the gas prices bills could see votes.
May 7, 2008 in Veepstakes | Permalink | User Comments (16)
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So, why isn't Hillary or McCain authoring their own bills to include the tax holiday? Probably, because they know it is just a gimmick....
Posted by: indy_voter | May 7, 2008 10:14:53 AM
She did author a bill and it was DOA.
Posted by: Joan | May 7, 2008 10:25:05 AM
No doubt Hillary will be out denouncing the Democratic proposed legislation as ELITIST.
Posted by: The Commander Guy | May 7, 2008 10:26:16 AM
The so-called gas tax holiday is a joke.
If you were to fill up your car once a week for the three months proposed, at 18 gallons per tank, you are looking at a total savings of $42.
The price of oil is determined by the market, and the oil companies have little, if any control over it. We are competing for oil with growing economies such as China and India.
Thanks to the Democrats, exploration and drilling in the United States has been on the decline for decades.
It is also the case that the oil companies operate on a profit margin of roughly 10 percent. This is comparable to or slightly less than other fortune 500 companies.
So where are the excess profits? Nowhere. It is nothing more than a lame excuse to cover up for the Democrats own lack of an energy policy.
We should be working on developing nuclear, hydrogen, and particularly fusion power capabilities.
However, these are not considered to be politically correct energy sources, or do not fit into the politically correct obsession of bashing big business.
Posted by: John P. Baker | May 7, 2008 10:37:46 AM
The liberal left wing is in control of the legislative schedule. They are in control of the primary schedule also. They stacked it in favor of Obama and the voters have been trying to fight back (hence the reason half the electorate supports Clinton even in the face of potential defeat). This is an obvious ploy by them to continue to work in Obama's favor by stopping any hint of relief for voters until after the NC and IN primaries. Guam is recounting due to numerous evidence of possible corruption. An investigation is being launched into possible corruption in IN. The county that held back votes (missing for 3 hours) has a pro-Obama mayor. The writing is on the wall and people just cant see it. The DNC is corrupt. I will remain an Independent and will not support further corruption by voting for Obama if he is the nominee without Clinton. I am in favor of Clinton on an Independent ticket.
Posted by: DCVoter | May 7, 2008 10:59:27 AM
Joan - that is because the liberal left wing prevented her bill from ever having a chance to be voted on. I just cant support Obama and will stay home or vote McCain. At least he is at the center.
Posted by: tomdavie | May 7, 2008 11:02:42 AM
Wow! What a great day yesterday and today has been for Obama supporters. This must be a dream. This is a great country. I love America.
Posted by: Kevin | May 7, 2008 11:04:47 AM
There is so much stuff on Obama out there. His liberal voting record, his pro-gang member legislation, his pro-pedophile support, his ties to radicals. His own book will be used against him.
Posted by: Karen | May 7, 2008 11:14:42 AM
James Baker Say "It is nothing more than a lame excuse to cover up for the Democrats own lack of an energy policy."
Well maybe. They got some work to do.
But what about Shrub?
I mean this guy couldn't even get the national Nuke Waste Dump approved with a Republican Congress AFTER 9-11.
All the fool had to do was start talking about terrorist getting ahold of Nuclear Waste and committing all acts of terror. It has been his M.O. all along.
Posted by: The Commander Guy | May 7, 2008 11:27:05 AM
To "The Commander Guy" -
First off, it is John Baker, not James Baker.
Before you try to lay the blame on President Bush for the failure of Congress to grant final approval to the National Nuclear Waste Storage Repository, take some time to look at how Congress has responded, and perhaps more importantly, who in Congress has been involved.
Certainly, there is blame to be had on both sides.
However, the Democratic party has made it quite clear that they want to destroy the Nuclear Industry, destroy the Oil Industry, and apparently, would be perfectly happy to replace our transportation infrastructure with bicycles and horses.
Posted by: John P. Baker | May 7, 2008 11:40:06 AM
I will laugh when the DNC asks for money and tell them to lie in the bed that they made for themselves.
Posted by: geevill | May 7, 2008 11:48:55 AM
Do the Bo a favor in the congress, of course, not relieving taxes. Tax em more!
Posted by: boneheaded, chicago | May 7, 2008 11:51:51 AM
John Baker
After 9-11 Bush told congress to authorize him to go to war, to do the PATRIOT Act and whatever else he wanted. They meekly complied. Example: See John Kerry. He did not push the Waste Dump.
Posted by: The Commander Guy | May 7, 2008 12:11:36 PM
I encourage all of you people who are Democrats that are against obama getting the Nomination to go to the Democratic National Website and tell them to remove your name from their mailing list. And I also encourage all to decline to donate to the Democratic Nominee Contribution Fund, also.
Posted by: ACT TODAY | May 7, 2008 1:36:54 PM
I encourage all of you people who are Democrats that are against obama getting the Nomination to go to the Democratic National Website and then support Democratic nomination for President(Obama or Hillary)and tell them NOT to remove your name from their mailing list. And I also encourage you to donate to the Democratic Nominee Contribution Fund and unite the Democratic Party and help start rebuilding this nation into the nation we hold in our hearts and love so very much.
Yes we Can!
Posted by: Concerned | May 7, 2008 2:11:33 PM
Concerned:
Why on earth would I support the Democratic Party that is playing politics with gas prices?
When they have an opportunity to give working americans a temporary break while longer term initiatives make their way through the system, the leadership (Read: Pelosi) play politics to deny us some relief.
What a bunch of losers. The only ones with an approval rating lower than GWB is our Congress. Go figure!
Posted by: s. valenti | May 7, 2008 8:57:18 PM
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