Specter: U.S. should consider windfall oil tax

AP ^ | 4/23/6

[P-40]

The WPT worked so well last time...

[Ladysmith]

I think you should consider shutting the he!! up, Spectroid. We don't need no more stinkin' taxes!

[aviator]

5% profit is excessive?????????

[G.Mason]

What does just ExxonMobile pay in federal taxes now ... 27 billion? Maybe they should be paying 27 trillion.

Any reason fools like Spector are voted into office?

[goldstategop]

Price controls on oil would produces shortages by making it impossible to sell gas for a reasonable price. This ain't rocket science. I guess our demagoging politicians want to do their hardest to bring back those long lines at gas stations all over the country - like in the 1970s. That's exactly what a windfall profits tax would do.

(Denny Crane: "I Don't Want To Socialize With A Pinko Liberal Democrat Commie. Say What You Like About Republicans. We Stick To Our Convictions. Even When We Know We're Dead Wrong.")

[RightWhale]

Raising the tax will not reduce the price.

But, that is about all our gov't representatives ever think of, which is not their job in the first place. They are supposed to be enabling commerce, which is the reason the Constitution of 1787 was created.

[Babsig]

No only STHU but lower the fed taxes on gas dumb head! And then reduce the blends the EPA demands. Could Bush issue an executive order to halt the EPA regs on summer blends?

[x1stcav]

This guy is stuck in the 70's.

No gas lines...no drama.

[DLfromthedesert]

How did Specter vote on drilling in ANWR?

[Uriah_lost]

I expect there will be plenty of idiots willing to support it, even here....

[JohnD9207]

Perhaps the WPT could apply to politicans salary which is all a windfall in my opinion. Hey Specter...which one of my pockets is EXXON going to collect those taxes from? What a moron!!!

[pierrem15]

Yeah, let take the money the oil companies need for new wellheads (and repairing the Gulf terminals) and spend it on welfare and healthcare for the illegal immigrants that we've just amnestied.

Is there any other period when this country has had two parties that are so stupid and out of touch?

[jec41]

The best government is essentially a evil thing.

[vetsvette]

The man's a moron.

[goldstategop]

No one in Congress is talking about repealing federal taxes on the SALE of gas - even temporarily. We always hear how businesses make too much profit. We never hear how the government can make some sacrifices - like a reduction in its revenue - even for a few months. The level of economic illiteracy in Congress is just abysmal.

(Denny Crane: "I Don't Want To Socialize With A Pinko Liberal Democrat Commie. Say What You Like About Republicans. We Stick To Our Convictions. Even When We Know We're Dead Wrong.")

[PISANO]

Amazing how a college graduate with a law degree can be so "STUPID"!!

Why George Bush stumped for this guy is beyond comprehension.

[Republican Wildcat]

Yes, it would raise the price. The cost would trickle down to us.

[Cicero]

Maybe the Senate should pass a useful energy program. Drill ANWR, start building nuclear power plants again, start building more refineries, distributed in more locations, reduce regulatory rules that make it hard to build power plants, upgrade the electric power grids.

Much of this can be done simply by changing the regulatory climate, making it once more profitable for businesses to operate in these areas.

But you know damned well what they'll do, instead. Spend six months investigating Exxon because they gave their retiring chief too much money.

[bordergal]

Specter, coming up with the stupid ideas that most Americans won't think.