With summer on the proverbial doorstep, there’s always a certain nostalgia that accompanies the onset of warmer climes. For me, it’s for a childhood spent in a red 1962 Bel Air station wagon as it ambled to various vacation spots in the Northeast. Back then, a gallon of gas hovered around a quarter, and the only concern my parents had during those annual excursions was breaking up the backseat fights that erupted between my brother and me about every 100 miles. I can still envision my father’s free hand reaching back in an effort to slap any body part within reach.This year, trips like those will be a whole lot more expensive, since it now nearly requires a home equity loan to fill up. But lately, I’m not the only one dusting off the scrapbook.
I offer up the recent proposal put forth by Senate Democrats to roll back $17 billion in tax breaks for oil and gas companies and impose a 25 percent windfall profits tax on the companies. The measure invests the money in improving consumer price protection, renewable energy development and energy efficiency technology through a designated Energy Independence and Security Trust Fund.
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