// you’re reading...

Asides

Bill Clinton added Tax on Gas / Why so quiet Hillary?

The Huffington Post

By Lawrence O’Donnell
5th May 8.52 pm (EST)

Bill Clinton raised the gas tax and no one in the political press seems to remember that, including George Stephanopoulos, who helped him do it.

Most political reporters obviously have no idea that in his first year in office President Bill Clinton raised the gas tax. He did it in a package of tax increases that amounted to the biggest tax increase in history, and after a presidential campaign whose centerpiece was a middle class tax cut that he forgot about once in office. If reporters knew that President Clinton raised gas taxes by 4.3 cents, they would be peppering Hillary and Bill with questions about the Clinton gas tax hike like, if you think gas taxes are too high now, are you in favor of repealing the Clinton nickel?

Bill Clinton actually wanted a much higher gas tax within the structure of a new BTU tax on every form of energy we use, but a 4.3 cent increase in the gas tax was all that we could squeeze out of Congress. I say we because I was the chief of staff of the Senate Finance Committee where I helped strategize its passage by one vote. It passed the House and Senate by one vote. Many Democrats in Congress lost their jobs in the next election because of that vote — a vote Bill Clinton begged them to cast.  Link to Huffington Post story.

Discussion

Comments are disallowed for this post.

Comments are closed.