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Published on May 13, 2008
Video Script: VO: As American families face higher prices at the pump, Barack Obama opposes immediate relief and lower taxes on fuel.
VO: What Obama has proposed are new tax increases that reduce oil production, increase dependence on foreign oil and hurt consumers.
VIDEO: Obama Video: "I think it is appropriate for us to impose a windfall profit tax on our oil companies."
VO: Obama's proposals have been tried before...
VIDEO: Carter Video: "Congress must enact the windfall profits tax without delay."
VO: Sound familiar?
VO: The last time this was tried, domestic oil production dropped by 5% and US reliance on foreign oil increased by 10%.
Text (displayed during VO): "The last time Congress imposed a form of the windfall tax was the final gloomy days of Jimmy Carter, and the result was: a substantial reduction in domestic oil production (about 5%), thus raising the price of gas at the pump; and a 10% increase in U.S. reliance on foreign oil." (WSJ, 11/30/05)
VO: Is this the kind of change America needs?
VO: Barack Obama... Out of touch.... And not ready to be President.