It didn’t take long after President Obama released his latest budget for the oil lobby to pick up the misleading cry that it’s being targeted for “new taxes.” That’s mostly not true. Energy Tomorrow, a project of the American Petroleum Institute, ran a print ad in Washington, D.C.’s Politico Feb. 14 asking, “Guess who’ll pay for new energy taxes?”
The problem with that rhetorical question is that most of the “new taxes” are actually a proposed end to some old tax breaks —
Another Bogus ‘New Taxes’ Claim
