Chuck Schumer: Trump's tax cuts canceled out by high gas prices

[mystery-ak]

Chuck Schumer: Trump's tax cuts canceled out by high gas prices
by John Siciliano
 | May 23, 2018 11:32 AM

Senate Democratic leader Chuck Schumer said President Trump is responsible for rising gas prices, and said that trend has already wiped out the effects of the Republican tax cut.

“Gas prices will roughly cancel out the 2018 consumption boost from the tax cuts," said the New York lawmaker while standing in front of an Exxon gas station on Capitol Hill. "That’s right, whatever meager benefit working families may have seen from Trump’s tax scam for the rich has been wiped out by the gas prices that president Trump is responsible for."

Schumer said the tax law and Trump's decision to abandon the Iran nuclear agreement have led to rising gas prices. He noted that experts say Trump's re-upping of sanctions on Iran will cut the global oil supply, and oil prices are already rising.

On top of that, the tax cuts will be a "boon" to oil companies that will be able to "rake in billions in profit" even as prices rise. Schumer said the tax cuts have helped the president's oil company "buddies" pad their profits at the expense of average Americans, and called on Trump to do more to rein in prices.

more
https://www.washingtonexaminer.com/policy/energy/chuck-schumer-trumps-tax-cuts-canceled-out-by-high-gas-prices

[mystery-ak]

LMAO as my hubby and I were filling up yesterday I made the comment that I was surprised the Dems haven't mentioned high gas costs takes away the tax cuts....well here it is.

Dems are so predictable

[Frank Cannon]

And who's fault is the gas price hikes Chuck? Oh yeah. You and your party.

[Right_in_Virginia]

Chucky is so looking for a hook .... any hook to use during the midterms.

He's starting to sound a little frantic.   ^-^

[edpc]

The Brooklyn Hasidics must be giving him hell over the price to fill their minivans.

[IsailedawayfromFR]

So sponsor a bill to remove all federal taxes, Chuck.

Problem solved.

[cato potatoe]

Chuck had such a promising start in life.  It's too bad nobody would give him a job.

[mystery-ak]

Senate Democrats look for traction on gas prices
http://thehill.com/homenews/senate/389012-senate-democrats-look-for-traction-on-gas-prices

[Just_Victor]

~$1000.00 less in taxes vs. an extra $2 per fill-up (~weekly).

last time I checked 104 < 1000.   I guess 2nd grade arithmetic isn't Chuckie's strong suit.

[edpc]

Senate Democrats look for traction on gas prices
http://thehill.com/homenews/senate/389012-senate-democrats-look-for-traction-on-gas-prices

The prices rise this time of year, no matter who is in office or what the geopolitical situation happens to be.  We’re approaching Memorial Day Weekend. 

[WingNot]

They prices rise this time of year, no matter who is in office or what the geopolitical situation happens to be.  We’re approaching Memorial Day Weekend.

That and
it is  when they (Gov) mandate the move to the more expensive "Summer blends" to reduce pollution emissions.    Funny how that works.