Posted on 05/13/2011 3:39:05 PM PDT by MissouriConservative
Sen. Claire McCaskill says a proposal to take $2 billion in tax subsidies away from the five biggest oil companies should be the easiest bill Congress ever passed.
(Excerpt) Read more at kansascity.com ...
The same as driving Boeing out of the country. Obama is for the little guy, right South Carolina?
1. Evidently, Senator McCaskill can't distinguish between a "subsidy" and a "tax deduction". Welfare is a "subsidy"; its recipients get a check from the taxpayers. A "tax deduction" is what you take for your mortgage interest.
2. Somebody should ask Senator McCaskill to define the difference between amortization of capital assets as they apply to her corporate airplane and drilling expenses. Why is one a valid tax deduction and the other is not.
MC, your Senator is now officially in the race for "dumbest person in the Senate".
In other words, “I want gas prices to go even higher!”
Businesses do not pay taxes - they pass the costs along to consumers. There should not be any business taxes.
More demagoguery by the leftists. Unfortunately the weak kneed Republicans are going to lose both the PR battle and the war with their normal politics.
Go on the offensive. Talk about Obama’s buddies at GE paying zero income tax while the oil companies pay billions in taxes. Talk about Goldman Sachs raking in billions and paying out billions in bonuses.
Also talk about how US companies that don’t have sweetheart deals like Goldman and GE pay higher corporate taxes than Chinese companies resulting in American jobs going to China.
Offer a real solution. Take the corporate tax rate to a flat 20%. Period. No credits, deferrals, loopholes and subsidies. Tell the public we want to do better than the Dems — end all of the tax loopholes across the board and make every corporation pay the same rate. End all special privileges while making the US corporate tax rate competitive with Europe and Asia to encourage investment in the US. Even the dumbed down US public can understand this call to action.
The Republicans are playing a PR game they can’t win by defending oil tax credits. The only way to win is this one is by turning the tables, offering to eliminate all corporate tax breaks while at the same time getting a flat corporate tax rate set at a level to make US companies competitive. It is a winning message and good for the economy.
The left really wants to end tax breaks for all non-leftist things. That’s the left’s pipe dream.
It’s the majority of all U.S. city voters that are, profoundly, harming the long-term survival of, both, the GOP and U.S. conservatism.
Not just one specific industry, but a few companies singled out within it. So that brings equal protection clause questions as well.
I wonder if anyone in DC who was not a tourist has read the Constitution?
Do these losers even OWN televisions? One of their own, former congresscritter Martin Frost has backed up what Gov. Palin has already said:
“Big Oil” has not been allowed to receive these subsidies since 1976. And they aren’t getting them now. Don’t take my word for it. Here’s the broadcast interview.
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