Posted on 04/27/2011 8:29:45 AM PDT by smokingfrog
WASHINGTON - Members of Oklahoma's congressional delegation on Tuesday flatly rejected separate suggestions from an unlikely duo - President Barack Obama and House Speaker John Boehner - to kill or at least review tax breaks for oil companies.
Democratic U.S. Rep. Dan Boren said Obama just needs to be quiet.
"Americans are tired of empty rhetoric on both sides and want a real plan,'' Boren said. "If the president doesn't want to stand up and be a leader, then his silence would be appreciated from people who are trying to find solutions.''
Boren described Obama as completely uninformed about the oil and gas industry.
"The industry is not made up of just major companies,'' he said. "It is made up of small independent firms like those in Oklahoma that produce a vast majority of our domestic production.''
For every CEO of a major company, Boren said, there are thousands of blue-collar jobs that are affected by the Obama administration's energy policy.
"It is a policy that is very inadequate and has left so many on the Gulf Coast unemployed.'' Boren said.
Republican Rep. John Sullivan said he has not talked to Boehner about his comments, but the congressman made it clear he does not support raising anyone's taxes.
"Targeting the oil and gas industry with tax increases would not only raise gas prices even higher, but it would place hundreds of thousands of Oklahoma jobs in jeopardy of being eliminated or shipped overseas,'' Sullivan said.
Sullivan pointed out that the oil and gas industry employs more than 300,000 people in Oklahoma and 9.2 million nationwide, who pay almost $100 million per day in taxes to the federal government.
Republican Sen. Jim Inhofe described Obama's move merely as a distraction from what every American knows can help restrain rising prices *-snip-*
(Excerpt) Read more at tulsaworld.com ...
BWAHAHAHAHAHAHAHAHAHAhahahahahahahahahaha! ! ! ! ! ! ! ! ! ! ! ! ! !
*Slap!*
Ending the income tax is needed.
Yeah - that probably left a mark!
Can I get a Body Depletion Allowance?
Every day I work, my body ages - to some degree from the verey fact I’m working. SOmetime down the road I won’t be able to work anymore because I have worked myself out.
I think the government should give me a Body Depletion Allowance.
I hope that some of these Republican Senators and representatives have the guts to corner Boehner in the GOP Caucus and slap him upside the head for his stupidity. If it was a mere slip of the tongue I’d be less concerned, but I believe Boehner’s comment about needing more revenues reveals his true beliefs. He believes we need to raise taxes but knows he’ll be tossed overboard by his own people, so he’s leading the GOP into a budget negotiation corner where it will eventually compromise in order to avoid the shutdown which these weaklings do not have the courage to provoke. We saw this all before with Bush Sr. and the break of his “read my lips” promise. Boehner is cut from the same “compassionate conservative” cloth.
Sounds like Boner and Obama are equally stupid when it comes to the oil and gas industry.
Individual, corporate or both?
What kind of tax do you favor?
Wow!!! Sounds like the Democrats are getting testy.
How ‘bout tax breaks for oil drilled, refined, and sold here in the U.S.?
That is your personal exemption.
I think the oil industry is rather different from other businesses.
How in the heck do you grant them a depreciation on the depletion of oil reserves when we really don’t know for certain how much oil is down there in the first place, and since the value of what is being depreciated actually increases with time instead of decreasing? In most businesses, assets decrease in value over time with use, don’t they?
I favor shrinking the federal government back to its constitutional bounds as enumerated in Article 1, section 8 of the US Constitution. You do that, you won’t need much in the way of funds to run it.
It is difficult to clearly measure, which is why there is more than one way to calculate it.
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