A GOP Tax Increase?

The Republicrats are poised to stick it to us again.

Markets have begun to get rattled in the last couple of days, both in fear of further damage in the Gulf region from Hurricane Rita, and in response to the bad ideas that are starting to flow fast and furious from Congress. These include Senate Minority Leader Harry Reid's endorsement of energy price controls (to stop "gouging"), gasoline tax increases, suspension of the new bankruptcy law, and even a revival of the oil "windfall profits" tax. When Jimmy Carter embraced this latter brainstorm in the 1970s, it exacerbated the energy crisis by slowing oil exploration in America and keeping oil prices higher than they had to be.