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Democratic strategist Sally Kohn on the president’s efforts to lower the price of oil in America.
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The gas price spike will -- continued over the weekend we're now up to three dollars and 84 cents per gallon that's a triple a number.
Look at the places where gas is over four dollars a gallon as of right now 384 the national average.
We've got California New York Illinois the most populated states that's where you are paying an average of four dollars plus.
What does the president want to do about it he wants to tax the oil companies played -- -- What's more at a time when big oil companies are making more money than ever before.
We're still giving them four billion of your tax dollars in subsidies ever year.
Your member of congress should be fighting for you not for big financial firms not for big oil companies in the next few weeks expect congress to vote on ending the subsidies.
Well joining us now is Fox News contributor Sally Cohen who hews to the left on political issues -- yeah.
IIQ indeed if you could well huge I -- OK now we've established that taxing oil companies not necessarily RR RR cross weight -- regulators and what difference there.
I have I dig it ten bucks yes and I didn't attend bucks the last ten years most of the say you know -- -- not gonna give you ten box anymore.
-- would call that attacks is asking for our money back that's an oil companies are doing fine on your own.
-- unit price of gas is going up you do not need taxpayer dollars.
We have better -- to -- first point is no taxpayer dollars flow to oil companies.
Tax credits are available to oil companies and all other companies there will be withdrawn only for oil companies -- is the real question what is the president's plan.
To Lola.
Gas prices well look Republicans and Democrats all know that there's nothing a president can do in the immediate short term on gas prices -- gas prices right now.
And you know independent economists said the driven by speculators -- plan and they're driven by world supply on hand and other driven by a rent don't plan that you know I think the president's plan is -- Short term.
Look we have to drill down the Saber rattling in Iran -- yes obviously if Iran is building nuclear weapons we have to go after them.
But we shouldn't just be rattling the Saber just to do so like for instance Republicans are doing so that they can drive up.
The price of gas and trying -- President Obama.
And long term rescue he wants to go not only continue drilling in the United States but invest in the future of our energy sources so that we review eventually -- Energy independent look -- once upon a time of interest yeah.
Who do you think you will be before renewable as a -- -- -- for example make a real contribution to the national I don't know what people say when you know Henry Ford invented the model T that -- you're never gonna fly when the telephone came out right Rutherford B.
Hayes said I nobody's got a -- -- most definitely the point of a -- -- -- -- -- Libyan -- in the future.
Is not to dwell on the technology the past but to put our money and our resources and our innovation our American spirit.
So into the -- you do agree that the timeframe is.
Decades from what but it doesn't yeah and that's why the president's plan hasn't all of the above strategy includes drilling.
Includes.
Reducing domestic dependence on foreign oil.
And it includes more efficient users of the oil we -- It coming up with technology of the future I definitely it's time to express your opinion and you cannot tell me what is the president's plan to gain against price in the short term -- -- and you tell me what the heck yeah.
Do is hold off is isotopes of short term -- don't see no I said the short look whichever reasonable policy on Iran puts all options on the table but you shouldn't just be rattling your swords that are Rand for the purposes of raising gas prices which is exactly what Mitt Romney in the Republicans.
Doing okay now I'm erase the issue of apple as you know big news this morning that gonna pay a dividend it amounts to ten dollars and sixty cents per share up -- if you an apple.
I'm thinking that may be present -- bombers not gonna be real happy about this because this is billions of dollars that will flow to the 1%.
And that 1% will continue to pay a lower right to attacks on those dividend payments weren't it's.
Well -- -- -- -- -- -- let's stick the taxing how we tax dividends and and selling capital gains in general assignments but that aside first.
I actually think you know I don't have the window -- president Obama's mindset but you know from my perspective I think what the interesting part of the story here is.
Not that apple is paying these dividends now -- that they haven't since what 9694.
-- but they haven't been companies don't do it.
Exempt -- -- -- words exactly but they -- company that took their profits and reinvest that into new technology to new innovations which kept them being a successful company.
That that and that they also incidentally invested into their employees to their employees -- the administration going to be happy at this dividend billions to the 1% don't know.
I you know I think your mischaracterize and the president and liberals in general is being against the 1%.
That's what what I -- -- I think you -- I don't think so well yeah I don't speak for myself -- no one -- and Occupy Wall Street movement and then liberal left.
Known -- ever been against wealth and success the problem has been that increasingly the rich got richer and richer and richer.
While the rest of the countries has seen its income stagnate or decline.
This is a country that believes in prosperity for all we want to look at my wants and this is now.
All you broke the news for us.
Ask you want that's not -- should be should isn't that we have rich people the issue is the gap between the wealthy and the rest of the country.
Growing at a runaway -- we like you because you argue your case well with a smile but like -- -- you lost eleven.
Hello and always get consistent segment always done better than the -- -- al-Qaeda and -- it how about that I anchor Erica.
