US Treasury secretary attacks oil, gas tax breaks

Reuters ^ | Thu Mar 5, 2009 3:18am IST | Tom Doggett

[bvw]

An idiot in an expensive suit. The man cheats on his taxes, ran a few establishments into bankruptcy and now, marking the insanity of these times when Obama was elected, he pours gasoline on a house fire, while elite and media cheer him on as some bold firefighter!

[encm(ss)]

On what authority does the Treasury Sec. levee taxes on any one or any business.

[CharacterCounts]

Several years ago, I had an employee tell me that FICA was a great thing because she only had to pay half of it and the government forced me to pay the other half. I advised her that I write one check, for the total, to the payroll company. That is my cost of hiring an employee. That is the number I look at to determine if I could afford to give a pay raise. It matters not whether that 7.5 percent FICA goes to the U.S. or to the employees bank account.

She quickly understood that she was paying the entire FICA tax.

[Jeff Chandler]

The cost of global warming hysteria on our economy is an issue ready made for a CONSERVATIVE. Unfortunately, the Republicans prefer to be MODERATES and will continue to jump on the Global warning bandwagon.

[sportutegrl]

Are they talking about the depletion deduction?

[Bob Buchholz]

DU??? You got to be kidding...check my sign up date moron.

Now to the point: A tax on businesses applies to all business and is simply an additional cost of goods. Your competition pays the same tax and their cost of goods also goes up. Just as any other increase in costs, business simply pass the increased cost on to the consumer.

DUH!

[Tex Pete]

[mefistofelerevised]

Who gives a crap when you signed up. Listen dork, in the current economy businesses can’t pass on increased taxes if they want to stay in business. So businesses ultimately make less profit in a bad economy. Do you need some examples of businesses that couldn’t survive in this economy, taxes or not?

[Bob Buchholz]

Tell you what, you go ahead and pay your tax increases out of your profits even when the increase is more than your profit and let me know how it works out for you.

[mefistofelerevised]

Ok. I looked at your homepage and you don’t come from anywhere. Quess you’re the original nowhere man. Apparently you don’t understand that prices fall in a crappy economy, reducing profits, so taxes take a bigger chunk. Good bye Bob, the nowhere man living in a nowhere land.

[Bob Buchholz]

You seem to be the ultimate hypocrite since my homepage is identical to yours. But it is pointless to engage in a battle of wits with an unarmed person.

[mefistofelerevised]

You’re a legend in your own mind. good bye Bob