House to vote on raising the oil tax

CNNMoney.com ^ | May 24, 2010: 2:22 PM ET | Aaron Smith

[metmom]

Any excuse to raise taxes. How much you wanna bet that none of the new tax will go for clean up? It will go to politicians favorite projects and their buddies.

It shouldn't go to clean up the spill. That's BP's responsibility.

Besides, you know that not a nickel of it will actually go towards that.

You're right, it's just an excuse to raise taxes and we're stuck because there's very little way that I know of for us (my family and me) to cut back on our fuel consumption any more.

Not only that, the farmers, who live WAY out in the country and have to ship food, are going to have to pay more and you know what this is going to mean for not only food costs, but the cost of EVERYTHING.

[RC2]

Bartering is looking pretty good huh? Not only does bartering work well but it brings communities closer together. A perfect place to start a robust bartering system is with the Tea Party. Just get each Tea Party to make a list of the businesses that are in the local Tea Party and then the people can work together.

[WOBBLY BOB]

This is their chance to punish all oil companies for the grievance of one(and make more $ to redistribute to friends and bribe-takers/voters)

[metmom]

I saw a vehicle in town the other day with with a TEA “Taxed Enough Already” sticker on it.

If I can find out who it is, I’m going to find out where there’s a local TEA party to connect with.

[metmom]

Bartering works for me. The one problem is that we live in a small town not near anything a decent size, which is pretty typical for NYS. Upstate NY is pretty rural.

This is going to have a huge impact on the farmers who have to ship their food out.

[sickoflibs]

RE :”Gas prices are going down, just before Memorial Day weekend of all times, something I’ve rarely seen. It’s a money grab, plain and simple. This is going to affect us all and kill the economy. We need to contact our representatives and let them know how we feel about this”

Is this thought related to offshore drilling? Did you say we should complain because they are going 'down'??

[metmom]

Of course not.

Aren’t you interested in complaining about the proposed tax increase though?

[sickoflibs]

Sorry about that, you mean about the oil tax. I thought you were upset prices are going down.

[sickoflibs]

I misunderstood your comment.

[RC2]

Local farmers should get together and have a farmers market, or pick one week-end a month and open their farms to sales to the locals. They could still charge the same prices for their goods that they charge the bigger companies. If they helped the locals, when times get tough, the locals will help the farmers. It’s not a perfect system, but nothing is. I believe in working together to attain certain goals. Staying alive should be everyones goals...........regardless of what the government wants.

[Arthur Wildfire! March]

Added to Monster Ping. Thank you. Also ...

Dem Congress Jumps Into Action… Will Quadruple Gas Tax After Gulf Oil Spill
http://gatewaypundit.firstthings.com/2010/05/dem-congress-jumps-into-action-will-quadruple-gas-tax-to-pay-for-oil-spills

Dow plunges 200+ points in first 2 minutes; Falls below 10,000...
http://biz.yahoo.com/ap/100525/us_wall_street.html

World stocks plummet on renewed Europe fears...
http://apnews.myway.com/article/20100525/D9FTON500.html

Gold Rising; Speculators buying faster than producers can mine...
http://www.bloomberg.com/apps/news?pid=20601087&sid=a6f.XxAJB0Rc

[Gabrial]

Thieves, plain and simple. Getting together and voting to steal money that is not yours does not make it right.

[sickoflibs]

RE :” The House is expected to vote this week on whether to quadruple the oil tax to pay for the damages from the massive oil spill in the Gulf of Mexico. But as dramatic as the increase might seem, analysts say that consumers will barely feel it. The House “oil spill response” measure, included among others in a larger bill, proposes that the tax be increased from its current rate of 8 cents a barrel to 32 cents. This is projected to raise nearly $10 billion over the next 10 years for the Oil Spill Liability Trust Fund. “

Remember Obama’s promise made almost daily. “If you make under 250K per year you will not see ‘your’ taxes increased even one penny”. He never said he wouldn't tax your ‘oil’ or your ‘gasoline’, just 'your' taxes. During the campaign the MSM never thought to ask him if he would tax things we buy either , funny how that works. So much for vetting.

[claymax]

I guess that boot is not on BP after all. I was under the impression that BP was financially responsible for this, why do we need higher taxes.

[Diogenesis]

"Obama biggest recipient of BP cash
BP and its employees have given more than $3.5 million
to federal …with the largest chunk of their money going to Obama"

"U.S. exempted BP's Gulf of Mexico drilling from environmental impact study"

"Obama admin exempted BP's Gulf drilling from environmental impact study "

"Obama White House and British Petroleum (BP), which pumped $71,000 into Barack Obama's 2008 presidential campaign
are covering up the magnitude of the volcanic-level oil disaster in the Gulf of Mexico"

"Obama sheltered BP's Deepwater Horizon rig from regulatory requirement"

"Red Flags Were Ignored Aboard Doomed Rig "

"US allowed drilling 'without required permits"

"U.S. Said to Allow Drilling Without Needed Permits
The federal Minerals Management Service gave permission to BP …
to drill in the Gulf of Mexico without first getting required permits "

”Obama sat on sand berm request 2 weeks, still no reply"

“Lab Chosen To Test Oil Spill Water & Animal Samples Has Ties To BP
In addition to this potential conflict of interest, federal officials have mandated that BP
gets to hire the companies that collect data as part of efforts to rescue wildlife covered with oil."

“Oil Spill - CBS Threatened With Arrest For Filming The Oil Spill (Coast Guard: "This Is BP's Rules."

BP oil leak: Fallen Deepwater Horizon was tapping second largest oil deposit in the world
If there is a single aspect to the dangers of the BP oil leak,
it lies in the question CEO Tony Hayward and other BP executives
have been avoiding since the first drop of oil went rogue: How much oil is leaking?
The real answer is - more than anyone wants to admit,
because the well holds enough oil to make Saudi Arabian drillers jealous."

[norraad]

Big Polluter & other upper echelon party boy planet destroyers palm all that expense to insurance.

[sthguard]

"We're not talking a big impact here; we are talking about adding less than a penny to the cost of the fuel," said Tom Kloza, chief oil analyst for the Oil Price Information Service, referring to the impact that the increase would have on the price of gasoline.

According to Kloza's calculations, the 8-cent tax on a barrel of oil works out to 0.19 cents per gallon of gas. He said that an increase to 32 cents on a barrel of oil would equal 0.76 cents per gallon of gas. Has Mr. Kloza ever even taken a business class? If a corporation now has to play 400% more taxes on a product, it won't suck it up and maintain prices out of the goodness of its heart. Per-gallon prices may not precisely quadruple, but they sure as heck won't only go up by a penny!

[Gilbo_3]

dude, it aint even about the semantics of 'your' vs oil taxes or any other...bottom line is that the magical trust slush fund will only serve to rob more wealth from We the People...

if goooooobermint served any benefit, the billions [or is it trillions ?] already soaked up in decades worth of taxation wouldve been used to design a spill response strategy for the thousands of drill projects that have been ongoing since my grandparents days...

just another crisis...so many to choose from, so little time...

[smokingfrog]

Just another excuse to raise taxes.

[sickoflibs]

I understand your point, I just like to play on Obama’s phony promises.

He said he could do all that spending without raising our taxes, so let him.