Posted on 08/04/2007 1:10:57 PM PDT by Sub-Driver
House consider new oil company taxes
By H. JOSEF HEBERT, Associated Press Writer 16 minutes ago
Declaring a new direction in energy policy, the House on Saturday edged toward passing $16 billion in taxes on oil companies and offering tax breaks and incentives for renewable energy and conservation efforts.
Republican opponents said the legislation ignores the need to produce more domestic oil, natural gas and coal. One GOP lawmaker bemoaned "the pure venom ... against the oil and gas industry."
Yet as the Democratic-controlled House began debating energy proposals, House Speaker Nancy Pelosi said, "We are turning to the future."
Pelosi, D-Calif., said it was essential to commit to renewable energy such as wind power and energy from biomass while also reducing reliance on fossil fuels. Doing so, she said, will help address global warming and make the country more energy independent.
"It's about our children, about our future, the world in which they live," Pelosi said.
She has pledged to have the House pass energy legislation before lawmakers depart this weekend for a monthlong vacation.
(Excerpt) Read more at news.yahoo.com ...
They are in reality taxing everyone who uses energy, not the eeeeevil corporations they invest in for their private incomes.
LLS
Close to a 3 trillion dollars budget isn’t enough?
They want more?
Good God!
Just more anti-capitalist nonsense. If they really wanted to solve the problem, we’d be doing something to at least take a step towards energy independence.
Just a way to raise taxes on all of us but couched so it will look more politically correct. What a rotten group they are.
YAY PIGGIE! You da broad!
That's because the Democrats don't care.
"Many of you are well enough off that tax cuts may have helped you. We're saying that for America to get back on track, we're probably going to cut that short and not give it to you. We're going to have to take things away from you on behalf of the common good."
When they want to do something odious, this is always the first thing out of their mouths. Well, what about the children? How about the children's milk going to $10.00/gal because all the corn is going to ethanol?
Else they would have earmarked 100% of this new tax of theirs for NEW BRIDGE CONSTRUCTION AND REPAIR.
Lying b`tch.
Nancy, no one falls for the “it’s for the children” crap you’ve been pulling all year. (omits rest of comments, which would get me banned)
evil idiots!
They will have some difficulty taxing oil companies that are foreign registered and not doing business in the USA, which would be about 75% of the oil business.
Perhaps someone should short fuel Pelosi’s private jet. Maybe then she’ll get a clue what the future she is proposing will be like.
Taxing all potential sources of fuel, particularly imported fuel, will drastically increase the costs thereof and thereby will sew misery but successfully will quash demand and consequently lead to energy independence if the people do not rise and restore sanity at the next election.
But the American people (except the 97% that strongly disapprove of this Congress) deeply desire this future of extreme taxation, widespread misery, economic implosion, and popular destitution.
And don’t you even think about allowing more exploration, extraction, and refining of petroleum products; that route is terminally impolitic. So we’re going to have to learn to live within our supply and production, primarily through a drastic reduction in travel and Northeastern home heating. When the Democrats fully implement their energy, transportation, petroleum, and carbon-dioxide taxes, expect very severe taxation-related inflation of prices and deflation of wages. Learn now to live well beneath your means, because prosperity will not resume.
You mean she dosen’t have a wind powered airplane? What does make a broom fly anyway.
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