Quote:
Originally posted by craigster59
The bottom line on prop 87 is to establish an "extraction tax" for oil companies that is charged in all oil producing states (Texas, Alaska, Louisiana, etc.) with California being the only exception. This tax cannot be passed on to the consumer, no matter how they phrase it in the commercials. It is a tax on the oil companies, plain and simple, and they will try their hardest to avoid paying it.
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The cannot be passed on? Are you kidding? That is the surest thing. You think they'll just let it come out of their bottom line? Nope, prices will go up and the non-taxed guys will make a windfall, as will the CA government and nothing will actually be done.
ha-ha
