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Show lilflof iOEi QMBGB FliSfai UJS. Senator Jake Garn said today he will seek to scuttle President Carter's newly Imposed oil Import fee calling it inflationary, ineffective inef-fective and an attempt to milk the poor taxpayer. Garn said he and his colleagues col-leagues have introduced a joint resolution of disapproval disappro-val using a procedure containing the Windfall Prof -Its. Tax. Under that law, any related action will cease to have effect upon enactment of the joint resolution, which cannot be amended in either house of Congress. A veto by the president can be overriden over-riden by a two thirds vote of the House and Senate. Garn noted that the oil fee will Increase the price of gas by approximately 10 cents per gallon, add some $12.6 billion to the taxpayers taxpay-ers annual burden and raise the inflation rate by at least three quarters of a percent. Yet, despite this burden of increased taxes and higher inflation, the fee will save only 100,000 barrels of oil per day in the first year, and some" feel that even this estimate is exaggerated. These figures make it obvious ob-vious that the White House's real Intent In levying the oil import fee was to milk Americans for more money as part of its ill conceived approach to balancing the budget and fighting inflation. Increasing tax revenues through the Windfall Profits Tax, higher Social Security assessments, Inflation and, now, this oil Import fee, is his only hope for balancing the budget. |