HomeLatest ThreadsGreatest ThreadsForums & GroupsMy SubscriptionsMy Posts
DU Home » Latest Threads » Forums & Groups » Main » Latest Breaking News (Forum) » GOP Tax Plan Could Boost ...

Thu Dec 22, 2016, 01:48 PM

GOP Tax Plan Could Boost Prices At the Pump [View all]

Source: Wall Street Journal

A proposal aimed at encouraging production of U.S.-made goods could push domestic oil prices higher and leave consumers paying more at the pump, some energy economists say.

“Border adjustment,” as the provision is known, would for the first time levy corporate taxes on imports to the U.S. while exempting exports from U.S. tax. It employs a concept commonly used in other countries’ value-added taxes.

Some traders on Wall Street are looking for ways to profit from the potential change in the tax regime, which some analysts say could cause U.S. oil prices to come more into line with international prices.

Read more: http://www.wsj.com/articles/gop-tax-plan-could-boost-prices-at-the-pump-1482411601

23 replies, 6359 views

Reply to this thread

Back to top Alert abuse

Always highlight: 10 newest replies | Replies posted after I mark a forum
Replies to this discussion thread
Arrow 23 replies Author Time Post
Reply GOP Tax Plan Could Boost Prices At the Pump [View all]
Charlie Brown Dec 2016 OP
jpak Dec 2016 #1
Bear Creek Dec 2016 #2
cstanleytech Dec 2016 #5
FBaggins Dec 2016 #3
cstanleytech Dec 2016 #6
ProfessorGAC Dec 2016 #8
geek tragedy Dec 2016 #11
ProfessorGAC Dec 2016 #13
dionysus Dec 2016 #14
ProfessorGAC Dec 2016 #20
geek tragedy Dec 2016 #15
ProfessorGAC Dec 2016 #19
geek tragedy Dec 2016 #21
FBaggins Dec 2016 #16
ProfessorGAC Dec 2016 #18
marble falls Jan 2018 #23
TeamPooka Dec 2016 #4
neohippie Dec 2016 #7
catsudon Dec 2016 #10
catsudon Dec 2016 #9
jmowreader Dec 2016 #12
Norbert Dec 2016 #17
TexasBushwhacker Dec 2016 #22