[RWR8189]

Punish businesses that prosper.

That's the logic from Judd Gregg (RINO)

[MNJohnnie]

You can say all you want Gregg. You will never get any tax hike thru the US House.

[RegulatorCountry]

Judd Gregg? Why doesn't he just give his $350 million Powerball lottery winnings to the poor, to help pay their heating bills, instead of advocating tired, old Carter lunacies?

[RWR8189]

Maybe we should set some price controls too Mr. Gregg?

It worked so well in the 70s and 80s...

[BenLurkin]

The oil companies are going to need those profits to bring new wells and refineries on line.

If not oil prices are really going to go through the roof.

You'd think a Republican could understand simple economics.

[RightWhale]

those in our society struggling to heat their homes are being left in the cold by oil companies

Alaska has a program or two to help those with the proper welfare recipient creds to pay for heating their hovels. Should this become a FedGov responsibility? Why not. The states are still alive and twitching now and then.

[SmithL]

How very liberal of him.

[Dan from Michigan]

How the hell can you be a republican and back taxes?

[VeniVidiVici]

I'm going to help my grandmother pay her gas bill this winter.

Why does she need Judd Gregg to do it for her?

[Flint]

Well just where does the good Senator think the oil companies will get the money to pay his tax?

The whole damn Washington, DC needs to be cleaned out and we need to start all over again. Go back to the original Constitution, trash all the crap that has been tacked on it since 1783 and start again, with some people with brains in their head running things.

[arjay]

How about letting them build refineries with the profits?

[sinkspur]

This is just grandstanding. Gregg knows very well that the House would never approve this, even if, by some chance, the Senate did.

[Crawdad]

It must be getting cold.

[layman]

Bill Frist said he would ask the top executives of major oil companies to testify on why oil prices are so high

While you're at it, senator, hold some hearings on why the national debt is eight trillion dollars.

[BlueYonder]

This guy has a point. The oil companies don't know what to do with all those profits. They'd just use it the way they see fit - to make even more money. How obscene. The money would be far better in the government's hands. /sarcasm

Who elects these dingbats?

[Extremely Extreme Extremist]

Easily the most hare-brained idea I've ever heard.

The "greedy" oil companies will just shrug their shoulders and pass the costs back onto consumers.

[Sofa King]

Higher-than-usual profits is what encourages investors to provide capital to expand the industry, creating greater supply and thus lowering prices. I wish people would stop trying to break the free market anytime they don't understand how it's working with a glance.

[deaconjim]

I like this statement better:
I believe it is time to take a serious look at reinstituting an excess profit tax term limits on oil companies congressmen with the proceeds tax savings being put towards the Low Income Home Energy Assistance Program (LIHEAP) and deficit reduction," Gregg said in a statement.

[jess35]

"I believe it is time to take a serious look at reinstituting an excess profit tax on oil companies with the proceeds being put towards the Low Income Home Energy Assistance Program (LIHEAP) and deficit reduction," Gregg said in a statement.

It's time for Judd Gregg to be ridden out on a rail.

Just what in the h*ll is an "excess profit"? Does the government now decide how much profit my company is allowed to make?

[Political Junkie Too]

How about taxing athletes who make multi-multi-millions for throwing a ball in a hoop! Isn't their salary a bit excessive for what they do? Let's confiscate some of the NBA salaries to pay for the poor urban heating instead.

-PJ