Under $1.25/gal. before Mrs. Clinton returns to her office.
CLEAN, said it will save U.S. taxpayers about $13 billion over an unspecified number of years
I found this line to be extremely funny. Shouldn't there have been a sarcasm tag after it?
Ask the Soviets how that whole centralized planning thing worked out for them.
The "Tax the Hated Corporations" fallacy:
Businesses don't pay taxes --
businesses *collect* taxes from --
(are you ready?)
(you've probably guessed it already)
Thee 'n me....
"the lion's share of the savings comes from striking a phased-in 3-percent tax reduction that Congress gave to all U.S. manufacturers in 2004"
Those manufacturers would be better off in Mexico, or China or some such cheap labor low tax place anyway. Take away the tax cuts, raise the minimum wage, WOW, these democrats really do hate this low unemployment/inflation thing Bush has going. What a shame!
Could anyone shed some light on the energy industry's use of the funds they're keeping as a result of these tax breaks? IIRC, they're using those breaks to fund more exploration of domestic oil resources. Is that wrong?
To me, this whole thing seems like the Dems punishing anyone who is now or once was associated with Bush or given assistance by the administration. Am I wrong?
Surely Nancy Pelousy must know of some other "big fish" that need looking into.
In comparison, ending the geophysical tax breaks will save $103 million, according to committee data.
New math, apparently - So the liberals come in, and gosh, aren't even there for a week, and they're already raising taxes! One hundred hours, they're aiming to raise taxes, just on this one bill, $6.6 billion dollars.
National GOP to the white courtesy phone please, your base would like you to make a commercial. Because if we don't hammer them now on it, it'll be an empty issue in 2008. Oh, and the RINOs will find it a lot harder to swallow leaping onto the band wagon.
Honestly, I don't know nearly enough about the oil industry to say one way or the other, but why does the elimination of tax breaks prevent the oil companies from developing new sources? They are profitable. None of them, to my knowledge, are going bankrupt. On the other hand, I don't understand why it's a better idea to prop up alternate energy technologies. For example, wind and solar power are terribly inefficient and very expensive. Politicians just can't keep their hands out of the marketplace. Government interfere IS the problem, because the market will find the most economical solution for America--not a bunch of politicos beholden to special interests IMHO.
The Democrats want to be known as the "anti-business party."
It could be that big oil has a PR problem.
April 14, 2006 Soaring gas prices are squeezing most Americans at the pump, but at least one man isn't complaining.
Last year, Exxon made the biggest profit of any company ever, $36 billion, and its retiring chairman appears to be reaping the benefits.
Exxon is giving Lee Raymond one of the most generous retirement packages in history, nearly $400 million, including pension, stock options and other perks, such as a $1 million consulting deal, two years of home security, personal security, a car and driver, and use of a corporate jet for professional purposes.
http://www.abcnews.go.com/GMA/story?id=1841989
How about investigating themselves?
Dear Dhimmicrats,
Guess who will spearhead research into "renewable energy"? Big corporations. Probably the same cast of characters running the oil industry. And if they get the job done using economy of scale- there's nothing wrong with that!
Sounds like another Jimmuh Carter era ahead.
Democrats go after 'Big Oil' friends of Bush
....and this is how the rats are gonna sell this bill to the American people.....
Whenever I hear someone use the phrases "Big Oil" or "Big Business" what I'm actually hearing them say is "I'm an idiot. Please don't take me seriously."
I'd like to see Citgo summarily ceased.
As usual, democrats go after those who create jobs, democrats destroy jobs, and then look for a red herring to detract attention and shift blame.
When gas hits $ 8.00 a gallon EVERYONE will know where the blame belongs...DEMOCRATS!!!!