Quote:
Originally Posted by Flyhigher
Gas companies announced billions of dollars in first quarter net profits. I think taht high gas prices are hurting the U.S. economy. I think to tax what Hillary calls the "windfall profits" of gas companies is in the best interest of Americans in the short term...
There comes a point when the profits have crossed the line, where in fact these profits are not only obscene, but they are destroying the economy. You cannot have a growing American economy with the current energy picture...
Hillary wants revenue from the tax to go to rebates for citizens and investments in alternative fuel sources... The gas tax holiday has surface appeal... It's a great political soundbite, but it isn't an energy policy... I think it's a quick fix scenario...
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What is an obscene profit margin? How do you calculate windfall profits? These are very simple questions for which I am seeking YOUR opinion. Can you answer them for me?
Can tell me what Exxon's profit margin was in 2007? Can you tell me how much Exxon's profit grew in 2006 and how much their overall sales grew? Do you have any information on the topic?
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You don't have to be crazy to be a liberal, but it helps.
"Ask not what your country can do for you, ask what you can do for your country." JFK
Ask not was you can for your country, ask what your country can do for you. Obama Platform
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