Posted on 04/25/2006 10:59:51 AM PDT by talkradiodaily
The seller will merely raise the price....reason: if he doesn't, consumption will increase and he won't be able to meet the demand.
It will only highlight the high degree of taxes paid when they re-institute the tax.
Day before the tax repeal: $3.109
Day 1 of tax repeal: $2.519
Day after reinstatement:$4.209
Who's kidding whom?
You are correct. Politically it's a great idea. But anything that makes gas more affordable without increasing the supply is a really, really bad idea.
As in "Back-door Santa Claus"
Exactly. Almost any tax cut is a good tax cut. If they really want to try to make political hay of this Shove it down their throat.
Will there be any concommitant abatement of the Dhimmi tax as well? I can't say that it's too bright an idea to cut off a source of funding for our government while continuing to fill coffers in Tehran and Buenos Aires.
WHO'S GONNA PAY FOR THIS!!!
GOP ought to get on this one, quick.
so Democrats CREATE the tax on gasoline and then are magnanimous when they REMOVE THE PROBLEM THEY CREATED.
How very big brother of them.
I'm not sure I buy that one. Oilcos will look to maximize total profit so the more that they can push on the market they will if the price is right. The tax credits are going to become more and more unpopular as time goes on. Now, one can say that tax increases get passed on to the consumer but only to a certain point as people will simply curtail their usage patterns.
I agree that profits will go down though.
I love it when they do this. It proves:
1. They don't need the tax revenue.
2. The tax punishes employers and consumers.
3. Lifting taxes spurs the economy.
Ohhh.........that's good..........REALLY good......I would like to see that happen, but our spineless rino's will not be smart enough to do it...
I really am WAY over my head when talking about this...I just know that I do NOT trust the DEMS...so, there has to be a major catch somewhere....LOL
I would rather open up some federal land to drilling. Increased supply will lower the price and royalties will flow into the treasury.
Exactly! The members of OPEC must be delighted with "their" Democrats and Republicans, who have blocked using domestic sources of energy such as ANWR and off shore, and have put on counter-productive "show trials" of oil execs to make the public think they are doing something. Our elected demagogue Congressmorons of both parties are doing a great job, keeping us more dependent on foreign oil than we should be, while they accuse the oil industry of "price gouging". By the way, bottled water in the supermarket is far more expensive than gasoline at the pump.
good. now all they have to do is become anti-illigal-immigrant, pro gun and pro life, and I can switch sides !!
OR would the President sign the bill.. his first VETO...
Bush IS a RINO, you know..
"Plus, if they are going to cut taxes then they had damn well better offset the revemue somewhere else."
As Rep. Curt Weldon pointed out yesterday, the offset can come from the vast amounts of Iraqi reconstruction money that's never been used because the Iraqis produced greater oil revenue than expected to pay for their own reconstruction. So the money Congress appropriated is just sitting there unused.
Additionally, more offsets can be had just by gutting the pork out of future transporation budgets which could make a long term suspension of the gas tax a REALLY good thing if it finally puts a stop to the transportation budget being used as a pork barrel sugar daddy.
Finally, I'm not really sure demand has slackened significantly due to the current run up in gas prices. It might over the long term, but I think most people just keep to business as usual while grumbling about gas prices. So I really don't think an 18 cent reduction is going to do anything significant to increase demand and thus prices.
And we could help pay for it by drilling domestically.
ANWR at $75 / barrel
Royalties alone would be $112,500,000,000
Plus taxes, lots and lots of taxes.
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