I really am getting aggravated by the reporting of Exxon's profits whithout the mention of Exxon's tax payments as well. I am tired of hearing people bash ExxonMobil and the oil industry. Besides the fact that many million people are shareholders of this industry and make a profit on it, they also employ many thousands, and also provide billions in tax revenue.
When I got home I happened to catch the same story on Fox News (Sheppard Smith, I think) and to their credit they did include the numbers on the taxes paid by Exxon in the same quarter. I think it was 32.5 billion, over two times as much revenue as the profit.
Then in just the past hour I heard O'Reilly report the same story and he completely left out any mention of the taxes Exxon paid and made them out to be bad guys and told everyone to buy as little gas as possible.
Many times I like the work of O'Reilly but in this instance I think that he is doing a great disservice to his viewers. But.....At least Fox News with Sheppard Smith did report it Fair and Balanced.
The next time you hear someone whine about the profits of oil companies like ExxonMobil then be sure to point out how much they are paying for all of this massive government that democrats want and to how many millions of Americans either benefit from holding a share in the company of are employed because of them.
tv morons will not see or hear about this.
Rush made this point today.
McCain needs another “get out of the conservative doghouse free” card again. I read he was blasting Obama for supporting the record oil profits, but I don’t think he mentioned anything about the amount of single record taxes paid.
I read somewhere that ExxonMobil pays more taxes than the bottom 50% of all taxpayers in the United States. Why won’t pols discuss that?
Cavuto took O’Reilly to the woodshed earlier in the year, when he started bashing big oil. Bill O’s a pin head himself.
Double taxation--what a deal! Let's have more of it.
So what’s the number Exxon pays in taxes?
SHHHHH! The Government Does Not Want This Known!!! And perhaps... Barack Obama