News & Observer | newsobserver.com | Pass-through costs

Published: May 06, 2008 12:30 AM
Modified: May 06, 2008 06:19 AM

Pass-through costs

 

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The Democrats are at it again! Hilary Clinton and Barack Obama propose that the federal government impose additional taxes on profits of the major oil companies. But corporations do not really pay taxes, they just pass this expense on to the consumers. Therefore, any additional taxes that the government imposes on the oil companies will just increase the price of gas even more. The Democrats must believe people are extremely stupid.

Sonny Kellum

Raleigh

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