Bocephus Posted April 26, 2007 Share Posted April 26, 2007 (edited) Casey wants higher tax on oil profits Thursday, April 26, 2007 By Jerome L. Sherman, Pittsburgh Post-Gazette WASHINGTON -- Sen. Bob Casey today called for a hefty new tax on oil company profits that would fund a program aimed at helping low-income families pay for their transportation costs. The Pennsylvania Democrat also said he would seek the repeal of major tax breaks for oil companies. That money, he said, would help finance research into alternative fuel sources. Mr. Casey, joined by fellow freshman lawmakers, was critical of President Bush's handling of energy issues, saying the administration has been too close to oil companies and had done little to help families struggling with high gas prices. "Here's what you hear from the Bush-Cheney big oil conglomerate: They say you have it wrong. Everything is wonderful. We have to continue the tax breaks for millionaires," Mr. Casey said. "And if you happen to be a billionaire who owns an oil company, you get another break -- you get big oil tax credits and subsidies." Mr. Casey said gas prices have risen by 20 cents a gallon in the past month. His proposed tax, part of legislation introduced today, would kick in when oil prices top $50 a barrel. At that point, the government would tax 50 percent of an oil company's profits. Oil prices currently are about $65 per barrel, Mr. Casey said. The new tax revenue would fund a program that the senator compared to LIHEAP, the Low Income Home Energy Assistance Program. It would help low-income families pay for gas for their cars. I wonder what happens to those poor low income people when the price of gas doubles because of this propoesed tax. Great idea libs. Edited April 26, 2007 by Bocephus Quote Link to comment Share on other sites More sharing options...
sundaynfl Posted April 26, 2007 Share Posted April 26, 2007 The same people that are for this crap are the same people that biTch and moan about companies moving over seas and the loss of jobs!! Lets cripple US companies so they aren't as competitive as foriegn oil companies... Sarbox has already screwed US companies, lets add a little more! They should focus on AMT, Medicare and SS before they start throwing this monkey poo... Quote Link to comment Share on other sites More sharing options...
TimC Posted April 26, 2007 Share Posted April 26, 2007 (edited) Poor people shouldn't need cars. Their welfare checks are mailed to them. The real alternative energy is if we could invent a way to power America with lazy, poor people. Edited April 26, 2007 by TimC Quote Link to comment Share on other sites More sharing options...
Bocephus Posted April 26, 2007 Author Share Posted April 26, 2007 Poor people shouldn't need cars. Their welfare checks are mailed to them. xactly Quote Link to comment Share on other sites More sharing options...
The Irish Doggy Posted April 26, 2007 Share Posted April 26, 2007 Perhaps spending with no tax is the way to go. Quote Link to comment Share on other sites More sharing options...
Bocephus Posted April 26, 2007 Author Share Posted April 26, 2007 Perhaps spending with no tax is the way to go. Not quite...but spending what they currently take in is at least bearable. More taxes for more spending...NO! Just wait til we start talking about healthcare again. Quote Link to comment Share on other sites More sharing options...
dmarc117 Posted April 26, 2007 Share Posted April 26, 2007 Perhaps spending with no tax is the way to go. we need to spend less and tax less Quote Link to comment Share on other sites More sharing options...
The Irish Doggy Posted April 26, 2007 Share Posted April 26, 2007 How about no tax, more spending for a little while, and then spend less some undetermined time in the future? Quote Link to comment Share on other sites More sharing options...
Yukon Cornelius Posted April 26, 2007 Share Posted April 26, 2007 Perhaps spending with no tax is the way to go. How about no tax, more spending for a little while, and then spend less some undetermined time in the future? DOGGY do you work at the white house Quote Link to comment Share on other sites More sharing options...
evil_gop_liars Posted April 26, 2007 Share Posted April 26, 2007 We need higher taxes so all Iraqi children can have Xboxes and happy meals. Quote Link to comment Share on other sites More sharing options...
muck Posted April 26, 2007 Share Posted April 26, 2007 Point one ... subsidies (lazy people, oil companies, etc) and punishing taxes (hard working citizens, oil companies, etc) are generally bad ideas. Point two ... Just like "you can't judge me by the color of my skin" you also "can't judge my tax my company by the nature of its industry". Quote Link to comment Share on other sites More sharing options...
skins Posted April 26, 2007 Share Posted April 26, 2007 (edited) We need higher taxes so all Iraqi children can have Xboxes and happy meals. Dont forget an IED proof ipod for every iraqi. Edited April 26, 2007 by skins Quote Link to comment Share on other sites More sharing options...
The Irish Doggy Posted April 26, 2007 Share Posted April 26, 2007 DOGGY do you work at the white house I'm simply trying to build a consensus. The barrel fish seem to be all shot up however. Quote Link to comment Share on other sites More sharing options...
CaP'N GRuNGe Posted April 26, 2007 Share Posted April 26, 2007 Perhaps spending with no tax is the way to go. Nope, increased spending with tax cuts that benefit the top 1/2 of 1 percent is obviously the way to go. Oligarchy here we come! Quote Link to comment Share on other sites More sharing options...
Yukon Cornelius Posted April 26, 2007 Share Posted April 26, 2007 I'm simply trying to build a consensus. The barrel fish seem to be all shot up however. Quote Link to comment Share on other sites More sharing options...
AtomicCEO Posted April 26, 2007 Share Posted April 26, 2007 we need to spend less and tax less Wow... dmarc IS against the war. Quote Link to comment Share on other sites More sharing options...
dmarc117 Posted April 26, 2007 Share Posted April 26, 2007 we need to spend less on lazy welfare parasites and tax less :fixed: Quote Link to comment Share on other sites More sharing options...
CaP'N GRuNGe Posted April 26, 2007 Share Posted April 26, 2007 Wow... dmarc IS against the war. Nah, he just thinks body armor is overrated. Quote Link to comment Share on other sites More sharing options...
CaP'N GRuNGe Posted April 26, 2007 Share Posted April 26, 2007 :fixed: Yes, because that's where the majority of the spending is going to. Quote Link to comment Share on other sites More sharing options...
Ursa Majoris Posted April 26, 2007 Share Posted April 26, 2007 Sarbox has already screwed US companies This is flat wrong. Sarbanes-Oxley is a HUGH pain in the ass but companies brought this entirely on themselves by flagrantly breaking the law and having pathetically lax practices. You give the government a chance to legislate, then you can bet your ass it will. If companies had got their $hit together as they should, no legislation would have been forthcoming. Quote Link to comment Share on other sites More sharing options...
TimC Posted April 26, 2007 Share Posted April 26, 2007 Gawd-danged people that suckle on the Federal Gubment for everything. The Feds should only be in the business of National Defense and Treasury. Let the states handle the rest and kill off the SS and other junk and let the people take care of themselves. If you can't make it financially and want to retire...keep working. If you can't find a job because you are too lazy or greedy...die in the streets. How the hell the human population survived the last 5,930 years before welfare and Social Security, I'll never know. Quote Link to comment Share on other sites More sharing options...
Ursa Majoris Posted April 26, 2007 Share Posted April 26, 2007 How the hell the human population survived the last 5,930 years before welfare and Social Security, I'll never know. Large portions of it didn't. Quote Link to comment Share on other sites More sharing options...
Yukon Cornelius Posted April 26, 2007 Share Posted April 26, 2007 Gawd-danged people that suckle on the Federal Gubment for everything. The Feds should only be in the business of National Defense and Treasury. Let the states handle the rest and kill off the SS and other junk and let the people take care of themselves. If you can't make it financially and want to retire...keep working. If you can't find a job because you are too lazy or greedy...die in the streets. How the hell the human population survived the last 5,930 years before welfare and Social Security, I'll never know. but what would business do that need welfare Quote Link to comment Share on other sites More sharing options...
TimC Posted April 26, 2007 Share Posted April 26, 2007 Large portions of it didn't. The Earth wasn't puking when it was a nice round number....like a billion. Coincidence? Quote Link to comment Share on other sites More sharing options...
dmarc117 Posted April 26, 2007 Share Posted April 26, 2007 Large portions of it didn't. exactly.....why do we need to hold the hand of those not willing to chip in. darwin would not be happy. Quote Link to comment Share on other sites More sharing options...
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