California is the only major oil-producing state not to charge companies for extracting oil. (Al Seib, Los Angeles Times / June 23, 2008) California is the only major oil-producing state not to charge companies for pumping it out of the ground, Democrats are quick to note, though the state taxes the resource in other ways. Schwarzenegger himself endorsed an oil extraction tax in 2008, but he has opposed any new taxes since May 2009. That is when voters, by a nearly 2-1 margin, rejected extending several hikes that lawmakers and Schwarzenegger had approved months earlier to shrink the deficit. [ ]
"Oil companies are not in the highest regard right now," Assembly Budget Committee Chairman Bob Blumenfield (D-Woodland Hills) said. "That's not a reason to pick on them, but it is a reason for folks to say, 'Wait a second, there may be something here.' " |
All these reprobates can do is TAX. They serve only themselves.
Nothing restrains anger, curbs pride, heals the wound of malice, bridles self-indulgence, quenches the passions, checks avarice and puts unclean thoughts to flight, as does the name of Jesus.
— St. Bernard
That’s it America! Get pissed off at BP so Barry the Kenyan will have an excuse to lay a massive tax on YOUR @$$!
Yea punish American companies for something a British company did.
Never let a crisis go to waste.
Fewer ships cleaning up the mess as a result of willful Gov’t negligence.. MORE ANGER! That was the plan.
Amazing. These People think we are all morons. 53% of us clearly are but still......
I hate democrats (liberals).
/sarc
With Democrats, emotion trumps reason every time.
Most of the anger is being fuled and manufactured by these ingrates. Get rid of them now.
Pssst, Sacramento, here’s a clue: Spend Less.
In other news:
When an unidentified California legislator found a man passed out on the sidewalk from blood loss, he cut open one of the fallen man’s arteries to give him a transfusion. The legislator explained that it was the only way, and that if the man did not show signs of reviving soon, he’d have to tap into another of the victim’s arteries for even more blood.
The legislator stated that he required no payment for the medical treatment, other than a small percentage of the transferred blood.
Well, after 71 days and the panhandle could have been better protected, the ONE made a decision. Too late Bambi. Total Fail. It’s no mistake you have umpteenth Czars, you’re incapable of decision.
I am of the belief that the very first word spoken by idiotDems soon after birth was not “momma” or “daddy” by “tax”......=.=
I am of the belief that the very first word spoken by idiotDems soon after birth was not “momma” or “daddy” but “tax”......=.=
North Dakots had just passed an extraction tax, and the rig count here went from 212 in the Basin to 2.
Yep, two.
When you couldn't buy a house a year before, the tough things in the nearest town to come by were U-Hauls, converted pickup box trailers, anything to haul your stuff--the exodus was that intense.
That was 1982, the crash took 4 years to hit elsewhere as badly, they only lost half their jobs in '82 and held on 'till '86. Needless to say, property values plummeted (60-75%), and people discarded whole households of furniture they could not haul away. Friends who stayed scrounged three upgrades of furniture stacked by dumpsters for their appartment in two months, and ended up with some pretty nice stuff, but the sad part was that someone had had to abandon it after paying premium prices for it.
Sure, California has a more diverse economy, but if California is that desperate to drive any new oil activity away, this is a sure way to do it--get greedy. If there is a small and relatively reasonable tax, it might be better tolerated, but somehow, I doubt any proposal will be so humble.