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Liberal attorneys general from 17 states have put a big red bullseye on the chest of big oil. Their bizarre claim is that for years energy companies fraudulently covered up their knowledge that greenhouse gases from fossil fuels cause catastrophic climate change. The most recent chapter of this witch hunt is a remarkable subpoena filed by Massachusetts Attorney General Maura Healey, which would require ExxonMobil to turn over 40 years of internal company documents. It also demands that ExxonMobil produce all its internal communication with conservative leaning think tanks.
Every president since Richard Nixon has promised to make America energy independent, but we still import 9 million barrels of oil a day with much of it coming from the Middle East and OPEC. Now for the first time in a half century — thanks to the shale oil and gas revolution — the dream of American energy independence is not just a pipe dream but easily achievable if the next president takes the right steps to make it happen.
The tax reform plan released on Thursday by House Ways and Means Committee chairman Kevin Brady and with the blessing of Speaker Paul Ryan, is a thing of economic beauty. It cuts tax rates across the board, eliminates the death tax and the alternative minimum tax, makes the U.S. Corporate tax system competitive and does all this without raising the deficit. Well done.
In the wake of the miserable May jobs report and the even more miserable first-quarter GDP numbers, Hillary Clinton revealed her long-awaited agenda to fix the economy: Raise the minimum wage; hike taxes on the rich; and spend a quarter-trillion dollars more on public works. Clinton is calling for “the biggest infrastructure investment since Dwight Eisenhower's interstate highway system."
Ok, I’m going to just go out and say the dreaded R word. America may be skidding into another recession and the latest abysmal jobs report is the latest sign of troubled waters ahead.
Like a crazed serial killer, the liberal green groups are celebrating their “victory” of putting America’s major coal producers out of business — to say nothing of the tens of thousands of miners placed in unemployment lines. Several thousand more mining jobs were lost last month.
Now to get their next homicidal high, the leftists have turned their ambitions on the oil and natural gas industries.
Hillary Clinton took another sniper shot at Donald Trump’s tax reform plan last week by calling it “a tax cut for billionaires” like him. She even argued that Mr. Trump “spends” trillions of dollars on the tax cuts. Question: How do you spend money on a tax cut?