Lower Oil is Not a "Tax Cut"

The fact that the price of oil has dropped considerably does not constitute any kind of "tax cut."

When the price of oil increases once again, are we supposed to call it a tax increase? How did the price of oil get singled out for such a distinction? If the prices of wheat, lumber, or cotton decrease, should we be calling them "tax cuts" as well?

Since when did market prices become bundled with taxation?

The language seems very sloppy to me, especially since every gallon of gas that we buy contains a real tax attached to it. I recently read that the gas tax in California is 62 cents out of every gallon. Isn't it ridiculous to call the lower price of oil a "tax cut," while actual taxes remain untouched?

Let's say the 62 cent tax is reduced by 10, 50, or even 100%.....Then you would have a real tax cut.