Forget about what you hear, I can see that he has a knockout for a wife. Money, schmoney. I can't figure out what such a gorgeous redhead sees in such a little twerp like Kucinich.
Posted on 01/20/2012 2:23:36 PM PST by tom h
Six House Democrats, led by Rep. Dennis Kucinich (D-Ohio), want to set up a "Reasonable Profits Board" to control gas profits.
The Democrats, worried about higher gas prices, want to set up a board that would apply a "windfall profit tax" as high as 100 percent on the sale of oil and gas, according to their legislation. The bill provides no specific guidance for how the board would determine what constitutes a reasonable profit.
The Gas Price Spike Act, H.R. 3784, would apply a windfall tax on the sale of oil and gas that ranges from 50 percent to 100 percent on all surplus earnings exceeding "a reasonable profit." It would set up a Reasonable Profits Board made up of three presidential nominees that will serve three-year terms. Unlike other bills setting up advisory boards, the Reasonable Profits Board would not be made up of any nominees from Congress.
The bill would also seem to exclude industry representatives from the board, as it says members "shall have no financial interests in any of the businesses for which reasonable profits are determined by the Board."
According to the bill, a windfall tax of 50 percent would be applied when the sale of oil or gas leads to a profit of between 100 percent and 102 percent of a reasonable profit. The windfall tax would jump to 75 percent when the profit is between 102 and 105 percent of a reasonable profit, and above that, the windfall tax would be 100 percent. The bill also specifies that the oil-and-gas companies, as the seller, would have to pay this tax.
Kucinich said these tax revenues would be used to fund alternative transportation programs when oil-and-gas prices spike.
"Gas prices continue to rise, creating a hardship for the American people," he said. "At the same time, oil companies are making record profits gouging their customers. This bill would tax only the excess profits and create forward-thinking transportation alternatives."
Specifically, he said the money would be used to fund a tax credit on the purchase of fuel-efficient cars and set up a grant program for mass transit programs when oil-and-gas prices are high.
The bill does not estimate the size of these grants or the amount of money that might be collected through the tax.
Co-sponsoring the bill are five other Democrats: Reps. John Conyers Jr. (Mich.), Bob Filner (Calif.), Marcia Fudge (Ohio), Jim Langevin (R.I.), and Lynn Woolsey (Calif.).
I want to sit on the board that regulates how much money members of Congress can make. First, we cut their salaries down to the poverty level....
A "reasonable terms board" would be much more productive by weeding out the lifers in Washington.
Impeach the culprits for attempting to overthrow the Constitution and the common-law rights of citizens to own property free of the threat of arbitrary confiscation.
Can we set up a “Reasonable Drilling Board” instead?
I am proposing a “reasonable profits board” to regulate salary and pension of house members. I really don’t think they earn all that money we give them, so let’s all share the wealth and tax their salary and profits at 150% or so.
All your oil profits are belong to us!
That’s funny. A FACE IN THE CROWD aired on TCM the day obama was inaugurated. :)
Can we set up a “Reasonable Government Employee Salary” board, too?
And a “Reasonable Government Pension” board?
How about a “Reasonable Price for Air Jordans” board?
“Reasonable Investment Return for Congressmen and Senators”?
“Reasonable Lobbyist Gifts” board?
“Reasonable Donations to Non-Profits” board?
“Reasonable Attorneys Fee” board?
Are you guys sure you want to go there?
I hear Kucinich has a rich wife. Let’s confiscate all her money “for the public good”.
” How about we let oil companies regulate the pay of Dem Commies like the ones proposing this board. “
They already do, through “campaign contributions” (snicker), perks from their lobbyists, and the occasional tidbits of ‘insider’ stock information....
You don’t really think that people run for Congress for the *salary*, do you??
Socialist bastards be damned!
The committee can be chaired by Hugo Chavez.
Oh, I agree totally. So much I advise formation of a similar body to cap the obscene profits in Hollywood.
And let’s not forget that Universities are more and more simply Debt Traps For Minorities —they get degrees in major not applicable to any market, then can’t get jobs.
Let’s HELP MINORITIES by ending fed grants for students of such majors.
And then: Ivy League Universities have HUUUGE endowment, right? Hey, too much —let’s tax them over some threshold value.
Fair is fair, right?
Forget about what you hear, I can see that he has a knockout for a wife. Money, schmoney. I can't figure out what such a gorgeous redhead sees in such a little twerp like Kucinich.
Actually fascism Italian model is far more acurate. Mussolini’s fascist economic policies controlled the means of production by partial ownership,rules/regulation,threats of mob action by party members(think OWS/acorn by whatever name it now goes by).
Determined who would be allowed to produce goods/services, what price the goods would be sold at, who was allowed to buy & what the profit margin would be. All so-called excess profits would be seized & be used as a slush fund by the politicians & if the business went belly up the politicians had a built in scape goat . The business owner who obviously wasn’t smart enough or dedicated enough to make his business work.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.