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05-04-2008, 10:10 AM
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Machiavelli Incarnate
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Join Date: Sep 2007
Location: Washington state
Posts: 3,338
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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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Very few economists, including Clinton supporter Paul Krugman, like the idea. They say that companies will just continue to charge the average $3.60 a gallon and just pocket the money that would have gone to federal taxes.
Clinton, in the interest of garnering votes, has purposely put forward a plan she knows wouldn't work.
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05-04-2008, 10:16 AM
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Machiavelli Incarnate
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Join Date: Jan 2007
Posts: 3,773
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Quote:
Originally Posted by Upton
Very few economists, including Clinton supporter Paul Krugman, like the idea. They say that companies will just continue to charge the average $3.60 a gallon and just pocket the money that would have gone to federal taxes.
Clinton, in the interest of garnering votes, has purposely put forward a plan she knows wouldn't work.
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Americans have grown accustomed to lower gas prices at the pump, and politicians have made this part of their campaign theme for decades, however, the current trend is disturbing... |
05-04-2008, 10:20 AM
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Machiavelli Incarnate
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Join Date: Apr 2008
Location: Huh?
Posts: 5,248
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Quote:
Originally Posted by Upton
Very few economists, including Clinton supporter Paul Krugman, like the idea. They say that companies will just continue to charge the average $3.60 a gallon and just pocket the money that would have gone to federal taxes.
Clinton, in the interest of garnering votes, has purposely put forward a plan she knows wouldn't work.
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Just now listening to her on "This Week..." and she said something about the "reserves" being ninetysome percent full and we could draw them down some too...
Quote:
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The US SPR is the largest emergency supply in the world with the current capacity to hold up to 727 million barrels (115,600,000 m³) of crude oil.
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How lame is that?
We use over 20 million barrels per day...using the reserves to meet all of our needs would deplete them in a bit over a month...
__________________
"All the problems we face in the United States today can be traced to an unenlightened immigration policy on the part of the American Indian."
~ Pat Paulsen for President
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05-04-2008, 10:23 AM
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Political Mastermind
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Join Date: Feb 2008
Location: Nc
Posts: 2,110
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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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Can you tell me how Clinton arrives or at least what to YOU constitutes windfall profits? Billions is a meaninless word, Berkshire Hathaway will have made BILLIONS in the first quarter, does that mean they will be paying windrall taxes as well?
__________________
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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05-04-2008, 04:57 PM
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Seasoned Veteran
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Join Date: May 2008
Posts: 88
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How about a real fixing scenario? Pay the companies to search for more oil and when they find it, don't pull and ANWR and actually let the companies drill the oil.
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05-04-2008, 08:24 PM
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Political Guru
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Join Date: Feb 2008
Location: under a bridge
Posts: 830
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Quote:
Originally Posted by Flyhigher
I think to tax what Hillary calls the "windfall profits" of gas companies is in the best interest of Americans in the short term...
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Hey moron, who do you think the oil companies are going to pass any new taxes onto?
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Noun
asshelmet http://www.asshelmets.com/forum/index.php
1. (Internet, pejorative) Statement expressing that someone is so stupid, they use their ass as a helmet; a stronger insult than asshat.
'The devil at our elbow will try to twist God's words toward his own ends.' ~ Richard Weaver
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05-04-2008, 10:22 PM
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Seasoned Veteran
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Join Date: May 2008
Posts: 88
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Quote:
Originally Posted by DammitBoy!
Hey moron, who do you think the oil companies are going to pass any new taxes onto?
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Seriously. Of course, that means the price of gas would only rise another 5 cents a gallon. |
05-05-2008, 02:09 AM
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Machiavelli Incarnate
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Join Date: Jan 2007
Posts: 3,773
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Quote:
Originally Posted by DammitBoy!
Hey moron, who do you think the oil companies are going to pass any new taxes onto?
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Congrats! Your comprehension level is the lowest this week... |
05-05-2008, 01:25 PM
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Machiavelli Incarnate
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Join Date: Apr 2008
Location: Huh?
Posts: 5,248
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Quote:
Originally Posted by MAcc2007
How about a real fixing scenario? Pay the companies to search for more oil and when they find it, don't pull and ANWR and actually let the companies drill the oil.
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So you don't think the oil companies search for new sources of oil unless we pay incentives?
If we drilled ANWR and used the production to provide for 100% of our needs...how long would the supply last?
__________________
"All the problems we face in the United States today can be traced to an unenlightened immigration policy on the part of the American Indian."
~ Pat Paulsen for President
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05-05-2008, 07:54 PM
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Machiavelli Incarnate
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Join Date: Mar 2008
Posts: 3,221
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Quote:
Originally Posted by kgpoolerev
I hear Clinton talking about windfall profits and gouging. Can you tell me what profit margin is needed to warrant the term gouging? What percent growth in profit from the prior year is deemed windfall?
I have asked the Obamites, but they either cannot or will not answer. Not even Upton who I suspect is a key cog in the Obama campaign.
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As long as your asking when "gouging" kicks in, why don't you ask numbnuts to define the term "hard-working Americans" so we can figure out who the tax increases start with. |
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