Skip to comments.CA: Former President Clinton speaks to UCLA crowd about oil tax - Prop 87
Posted on 10/13/2006 4:57:26 PM PDT by NormsRevenge
Former President Bill Clinton was cheered Friday as he spoke to a university crowd in support of a California ballot measure that would tax oil to fund alternative energy research.
Clinton called Proposition 87 "California's way to energy independence."
The measure would tax companies drilling for oil in California until it has generated $4 billion. The money would be set aside for loans, grants and subsidies to promote alternative fuels and more energy-efficient vehicles.
"To save the planet, improve our national security and create the next generation of good jobs for the American people - that's what Prop 87 represents to me,' Clinton said at the University of California, Los Angeles.
Oil pumped in California accounted for 37 percent of the state's demand in 2005, according to the state Legislative Analyst's Office. Twenty-one percent of the state's oil comes from Alaska, while the rest is imported from abroad. The initiative would tax oil California producers between 1.5 percent and 6 percent depending on the per-barrel price of oil.
Opponents say oil companies that do business in California pay the fifth-highest taxes in the country, and adding another tax would deter them from pumping California oil and eventually lead to higher gas prices.
Former President Bill Clinton ask California voters to support California's Proposition 87, during a rally at the University of California Los Angeles (UCLA) campus in Los Angeles Friday, Oct. 13, 2006. Proposition 87 would tax companies drilling for oil in California until it has generated $4 billion. The money would be set aside for loans, grants and subsidies to promote alternative fuels and more energy-efficient vehicles. (AP Photo/Damian Dovarganes)
Former President Bill Clinton, right, and Los Angeles City Council President Eric Garcetti, left, look inside the hood of a hybrid car as they rally for California's Proposition 87, at the University of California Los Angeles campus in Los Angeles, Friday, Oct. 13, 2006. Proposition 87 would tax companies drilling for oil in California until it has generated $4 billion. The money would be set aside for loans, grants and subsidies to promote alternative fuels and more energy-efficient vehicles. (AP Photo/Damian Dovarganes)
Academy Award-winning actress Geena Davis waves as she attends a support rally for California's Proposition 87 at the University of California Los Angeles (UCLA) campus in Los Angeles, Friday, Oct. 13, 2006. Proposition 87 would tax companies drilling for oil in California until it has generated $4 billion. The money would be set aside for loans, grants and subsidies to promote alternative fuels and more energy-efficient vehicles. Former President Bill Clinton was cheered as he spoke in support of the measure.(AP Photo/Damian Dovarganes)
Yes, the libs have a full-court press on this socialist tax increase. So typical of the radical Marxist left, they want to use this frivolous, so-called, energy tax to build more power into government, without ANY ACCOUNTABILITY for the use of the money...so what is new for the radical left???
No wonder so many of these gutter rats are coming out to try and dupe the voting California public into thinking this is something other than exactly what it is -- well, what is new for the libs, right??? Deceipt, lies and spin -- the basis for liberal reality.
Vote NO ON 87 -- prevent any more confiscatory taxation in California -- all hosted by the frothing, tax-crazy Marxists that the moron left keeps putting back into the state legislature...
Because she can afford it. Who cares if they drive up costs of everything (hint, trucks that transport goods to the store use gasoline). Gas tax hurt the poor the most, a fact these liberals completely miss, is it drives up prices of all goods, so those with little disposable income are the ones most hurt. If ignorance is bliss, people like her should be eternally happy.
Why not tax more until they reach 40 billion?
The more expensive Ca oil is - well you know where I'm going with that, and personally, its fine with me.
taxes don't hurt the rich, they keep YOU from becoming rich.
Clinton looks into the hood of a Hybrid, right after that he climbed into his SUV and was carried away. Who are you kidding you sorry pig?
Now for the tax. The oil company wont pay it. The taxpayer will . The oil company will just pass it along as the cost of doing business. Now I never went to college , but I know that. I must be smarter than these Clinton loving college buttwipes.
Dear CLinton: STFU already.
How much did the California Tax Payers pay Bill Clinton for his talk?
We know the guy never goes anywhere without someone paying and picking up the tab.
Who paid and how much?
Yup, we might as well get used to paying $2.50 at the pump. Of course it will be Bush's fault.
Just when you thought Kalifornia had thought of every kind of tax imaginable. Unfortunately, it will probably pass. Get a clue, Kalifornia!
It does annoy me that we let the Liberals define our vocabulary. "Energy Independence" is their favorite phrase for "tax us (by way of the oil companies) into poverty".
If we really wanted "energy independence", we'd be drilling in Anwar, CA, the Gulf of Mexico, and in the Atlantic off FL. And we'd be building refineries in various locations.
It's not that we don't have plenty of oil, it's that it's not politically correct to get it or use it.
I for one will not be voting for it.
And they are saying, of course, it is NOT a tax. What is it then? Oh disgusting. And Billy drove up in a hybrid. What an idiot. Oh California, what a joke these people are.
I thot one would be tossed off Free Republic if you voted for it, no?
Clinton and wife never owned real estate until they left Washington DC. They are two educated finacial dimwits expecting us to listen to them? No thanks.
And why do they only tout "energy" independence? More and more of the goods we consume are coming from foreign countries... our food, our clothes, our cars, our furniture, etc. Thanks to these enviro-whackos, manufacturers have fled the state, and the nation, in favor of foreign soil and cheap labor. Every day we become more dependent on foreign entities yet that is AOK with liberals like Clinton.
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