Tuesday, August 26, 2008

LET'S DRILL OUR WAY TO LOWER TAXES

Opening our vast domestic resources, both on- and off-shore, to responsible oil and gas development would produce an influx of tax revenue from additional lease sales and royalties, as well as from income and excise taxes, says Andrew Moylan, government affairs manager for the National Taxpayers Union.

While oil and gas development won't fill government's coffers overnight, it will provide a down payment in the near-term, and big windfalls in the out-years that can help deal with some of the most intractable tax problems we face, says Moylan.

[or we could just keep shipping 700 Billion $ a year to our 'friends' supplying us oil. {how do you think Russia is paying for its games in Georgia?}]

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