WSPA Responds to Windfall Tax Proposal.Business Editors GLENDALE, Calif.--(BUSINESS WIRE)--March 29, 2000 In response to today's proposal to enact a Windfall Tax windfall tax Noun a tax levied on profits made from the privatization of public utilities on the petroleum industry, he Western States Petroleum Association (WSPA WSPA World Society for the Protection of Animals WSPA Western States Petroleum Association WSPA Washington State Psychological Association WSPA Washington State Pharmacy Association WSPA Washington State Paralegal Association (Seattle, WA) ) issued the following statement from Executive Director Doug Henderson For the Scottish National Party politician, see . Douglas John Henderson, known as Doug Henderson, (born June 9, 1949) British politician and the Labour Member of Parliament for Newcastle North. : "We understand that consumers are concerned about gasoline gasoline or petrol, light, volatile mixture of hydrocarbons for use in the internal-combustion engine and as an organic solvent, obtained primarily by fractional distillation and "cracking" of petroleum, but also obtained from natural gas, by prices, and welcome the public discussion of this issue. "But this proposal will hurt consumers. What is likely to happen is that the higher taxes paid by companies will cost consumers more at the pump. Do we really want to pay more taxes? Doesn't state government get enough tax money now? We already pay one of the highest gas taxes in the country. And state government is sitting on a multi-billion dollar tax surplus. "This proposal does nothing to help solve the problem people are worried about: higher gasoline prices. The problem isn't that we don't pay enough taxes. It's that supplies are tight. This proposal will not bring one more gallon of gasoline to California, but it could cost consumers dearly. "We urge everyone to step back for a minute and consider some of the very serious questions this proposal raises: What is the rightful role of government in the market place? Should state government have the power to dictate TO DICTATE. To pronounce word for word what is destined to be at the same time written by another. Merlin Rep. mot Suggestion, p. 5 00; Toull. Dr. Civ. Fr. liv. 3, t. 2, c. 5, n. 410. how much any industry can make?" |
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