Domenici-Bingaman Energy Bill a Disaster for Taxpayers, Motorists

Investor’s Business Daily bodyslams the Energy Bill for — among other things — levying $29 billion in new taxes on the oil industry in this editorial.
Also, according to an analysis by the Heritage Foundation, “the bill could increase the price of regular unleaded gasoline from $3.14 per gallon (the early May national average) to $6.40 in 2016 — a 104 percent increase.” The analysis includes a feature that allows you to figure out how high gas prices will go in your state.

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