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 ...
I knew I shouldnt have bothered. Dont drag me into this. :-)
I believe they might. Not meaning to drag you in. :^)
Oh, shut up, you boob.
"Show me just what Mohammed brought that was new, and there you will find things only evil and inhuman, such as his command to spread by the sword the faith he preached." - Manuel II Palelologus
idiots.......
1 posted on 08/04/2007 1:11:02 PM PDT by Sub-Driver
You are referring to the Americans that voted the Democrats into office aren’t you?
Because without the fools and idiots that vote[ed]for them, the Democrats can do nothing.
If the Democrats get their way, the United States will not be even a third world power. They think that it won’t effect them but it will.
Exactly. Oil companies will simply pass the cost of these taxes on to consumers in the form of higher fuel prices.
Pelosi makes me sick.
Hillary Tells America She will CONFISCATE Oil Profits
"The other day the oil companies recorded the highest profits in the history of the world. I want to take those profits. And I want to put them into a strategic energy fund that will begin to fund alternative smart energy, alternatives and technologies that will actually begin to move us in the direction of independence."
House Speaker Nancy Pelosi said, “We’ve got what it takes to take what you’ve got.”
Corn prices are at a historically high $4 a bushel, with a record 93 million acres planted in the US. Ethanol subsidies are not paid to farmers, but they do increase demand for corn and thus drive the price up. Ethanol is the primary driver in the increase in corn prices, and at the current price, farmers are choosing to plant corn over other crops.
What absolute horsesheit! Oil companies do not pay taxes.
Huh? ExxonMobil paid some $100 billion last year in taxes.
(Fast-talking radioman disclaimer) "Offer not valid to unborn, partial-birth, inner-city or children born to white middle-class familiies who support the Republican Party. Void where prohibited. Offer expires November of 2008."
I can’t improve on your comment.
Thats the first time I have seen your new word “Giverment”.Thanks for adding another word too the FRicktionary.....!!!!!!............
This is a veto magnet.
The house can do nothing but bitch. They want to bitch about the veto.
It will not pass the senate any way.
Thanks for pointing that out. And, by the way, milk is $4.49/gal here. Just as well, I'm out of Ovaltine.
All of you who sat home and did not vote - I'll be glad to let you pay mine. You get what you vote/don't vote for.
I was in business many years. And my company never paid taxes.
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