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Is a Higher Federal Gas Tax the Solution to the Fiscal Cliff?
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Sen. James Inhofe, (R-Okla.), on efforts to reach an agreement to avoid the fiscal cliff.
- Duration 4:21
- Date Nov 27, 2012
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Sen. James Inhofe, (R-Okla.), on efforts to reach an agreement to avoid the fiscal cliff.
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But now let's talk about someone else is taking a stand about the government and who's gonna win the fiscal -- to -- just when it seems like some movement was being made.
We're hearing a new idea that could derail all of -- a hike in the federal gas tax.
We're going to go -- are we going to see higher prices as a result of this deal with me now is senator -- Welcome to the show thanks so much for coming nine -- nicely with -- and what I mean.
A higher federal gas tax this is something that was getting a lot of buzz throughout the day today Steve yeah I'm a real possibility.
No -- well yeah it has a possibility that no -- -- got to keep in mind.
They're doing this because the most believe.
Popular tax around is the gas tax people assume.
That the money when they pay at the pump goes into the highly press and it's gonna be used to build roads and bridges to maintain.
Yeah that's a popular thing people think we need -- so to me it's deceptive to -- To load.
The extravagance of the -- Obama administration to be paid off by people that pay you guessed it.
Yeah this that would they didn't they eat probably didn't know -- they did -- 1990 -- 1993.
Is about a nickel increase each time.
So at that time that almost double of the guest.
Now that it's so early on Brennan -- will be president I -- it hits the exact people that they talk about protecting.
And that Democrats talked about protecting the last election goes right after -- -- hits it hits the middle class.
And lower income people the -- -- -- because it's incredibly Democrats have.
-- I feel like today when I was hearing you know talk about trying to close this gap we're looking under every rock for more money more tax revenue it doesn't seem like we're talking about cutting spending very much is that the right -- well.
Let this -- -- -- -- you know I know there's a lot of your viewers may not know that we have that five point three trillion dollars in deficit because of one person and that's Obama.
Now he doesn't seem to be changing his behavioral patterns now so it's not getting any better.
How could he with his own budget come up with the with five point three trillion dollars in deficit in four years.
It didn't say right now we have to somehow find one point two trillion dollars.
For ten years meantime he's gonna continue go ahead and increase the deficit so I don't have any faith and look.
This morning I was on -- in prison outlined a lot of alternatives that we could do.
For -- wouldn't have to raise taxes Lula as I've already introduced legislation that would take care that.
We covered it -- had its own life.
But if you look at what's happened in the past.
That that the best way to do this is get all of these.
Regulations out of the way so people can grow their own businesses.
For every 1% increase in economic activity that translates into -- Forty billion dollars in new revenue that's where can comfort in remember that was Kennedy back in the sixties he's the guy that discovered that it was in the republic.
And you're talking about regulation or -- -- -- really focus on the EPA's I don't wanna run out of time without asking you we're gonna have the CEO TransCanada on later -- currently talking about the keystone XL pipeline this is another thing that we left to be resolved after the election.
Do you think that we're gonna see that's all pipeline approved and put into place what what do you think.
Well I think we obviously we should that you still have -- the far left is is going to be pulling on on the president.
On any -- he would head.
Let's keep in mind that pipeline by the way goes -- my state of Oklahoma yes -- intersection is right there in Oklahoma so I got a dog in this fight.
And that simply that there's at -- no reason not to -- all the way through and in yet.
He he's going to be fighting -- I don't know how that's gonna turnout I would say this though the one thing that as we know is that it continues to increase because.
You might recall before the election I came out with the -- increases in regulations.
That he was going to do after the election.
Not to do this he had to violate a law because you love it says every six months you come out with the did the cost is in terms of jobs in -- and new regulations.
-- that was due the 31 of October he just.
You know flagrantly disobeyed the law of people who didn't know that now we're looking at these huge things that are coming on -- I'm talking about.
Yeah.
-- what you've you've seen -- I.
I Leary and gave -- it's agonizing no I hear you senator thank you so much for coming on the show we really appreciate your time thank you know -- -- so here's.