Raise taxes on the Oil Companys

tiredretired · Mar 29, 2012

So says Baracko here. Am I out of line in just assuming that the oil companies will simply raise the price of gas, diesel fuel and heating oil to make up for the lost tax breaks? Isn't that just good business? Did Barry take any business courses at all at Harvard?

Or.............maybe this is just more election year rhetoric? Maybe Barry really does understand some of the basics of business? Maybe it's just that class warfare right now is more important to fire proof his ass on these gas prices going into the summer of petrol discontent? :whistling:

Doesn't Barry Boy also approve of subsidizing Brazilian Oil? Why is that better?

Gotta think on this one for a minute. :yum:

joec · Mar 29, 2012

I think he is talking about cutting off their subsides not raising their taxes. I know it will still cost them more, like it will really hurt them but at least the tax payers don't give them money for nothing I would think.

tiredretired · Mar 29, 2012

I wonder if he is still in favor of these oil company subsidies?

Danang Sailor · Mar 29, 2012

joec said:
I think he is talking about cutting off their subsides not raising their taxes. I know it will still cost them more, like it will really hurt them but at least the tax payers don't give them money for nothing I would think.

Joe, it won't cost them a frekin' penny! The taxpayers will make up whatever they lose from the end of the subsidy ... this
is just another way for us to pay for it.

What disturbs me is TR's post. We can't drill offshore here, but we can give help Brazil $2 billion to help them drill
offshore there? And then, we'll ship them more $$$ to buy their oil? WTFO??!? :hammer:

FrancSevin · Mar 29, 2012

joec said:
I think he is talking about cutting off their subsides not raising their taxes. I know it will still cost them more, like it will really hurt them but at least the tax payers don't give them money for nothing I would think.

Oil companies have no "subsidies" anymore than any other manufacturing or mining sector. The President is being dissigenuois to use that term.

As most politicians are apt to be when they wish to vilify a particular industry.

Oil company "subsidies" are not the same as Solyndra or GM "subsidies" where in taxpayer moneys are "loaned" and debts later forgiven or Stock is purchased to keep the buyout/bailout looking above board. These "subsidies" are in reality depreciation allowances, new equipment writeoffs and other tax facilitated and driven incentives.

Where is the question about such "subsudies" for the tech industries. Does Apple not get a "subsidy?" Microsoft? YEP, they do. The very same ones.

Apple, which makes useful "toys" is not unlike the oil industry which makes useful "neccessities" Both enjoyed relatively the same profits last year. Why are the tech companies lauded and the oil companies vilified for making essentialy the same greedy profits?

Because the Oil companies provide what is currently an essential commodity. Everyone sees it at the pump weekly if not daily and has no choice but to purchase. (kinda like Obamacare)

I'm for getting rid of all of these "subsidies" but let us do it fairly,,,to all industries. And let us not except the deceptive terminology employed by the President as he attempts to divide us into fighting factions. And chastise his personal devil, carbon based energy industry.

It has never been illegal to make a profit in America. Why has it now become selectively immoral to do so?

BTW, DS is correct. The govenment has done very well forcing all industries to be tax collectors, paying them nothing for performing the service while insulting them for charging those taxes (which by law they must collect and turn over to the government) to their customers and employees.

JEV · Mar 29, 2012

Danang Sailor said:
What disturbs me is TR's post. We can't drill offshore here, but we can give help Brazil $2 billion to help them drill
offshore there? And then, we'll ship them more $$$ to buy their oil? WTFO??!?

It's easy to see why Barry the Socialist is sending money to Brazill. More information here.

Dilma Vana Rousseff (Brazilian Portuguese: [ˈdʒiwmɐ χuˈsɛf], or Дилма Вана Русев in Bulgarian; born 14 December 1947) is the 36th and current President of Brazil. She is the first woman to hold the office. Prior to that, in 2005, she was also the first woman to become Chief of Staff of Brazil, appointed by then President Luiz Inácio Lula da Silva.[2]
The daughter of a Bulgarian immigrant father, Rousseff was raised in an upper middle class household in Belo Horizonte.[2] She became a socialist during her youth, and following the 1964 coup d'état joined various left-wing and Marxist urban guerrilla groups that fought against the military dictatorship. Rousseff was captured and jailed between 1970 and 1972 and reportedly tortured.[2][3]
After her release, Rousseff rebuilt her life in Porto Alegre with Carlos Araújo, who would be her partner for 30 years.[2] Both helped found the Democratic Labour Party (PDT) in Rio Grande do Sul, participating in several of the party's electoral campaigns. She became the Secretary of the Treasury of Porto Alegre in the Alceu Collares administration, and later the Secretary of Energy of Rio Grande do Sul under both Collares and Olívio Dutra administrations.[2] In 2000, after an internal dispute in the Dutra cabinet, she left PDT and joined the Workers' Party (PT).[2]

joec · Mar 29, 2012

FrancSevin said:
Oil companies have no "subsidies" anymore than any other manufacturing or mining sector. The President is being dissigenuois to use that term.

As most politicians are apt to be when they wish to vilify a particular industry.

Oil company "subsidies" are not the same as Solyndra or GM "subsidies" where in taxpayer moneys are "loaned" and debts later forgiven or Stock is purchased to keep the buyout/bailout looking above board. These "subsidies" are in reality depreciation allowances, new equipment writeoffs and other tax facilitated and driven incentives.

Where is the question about such "subsudies" for the tech industries. Does Apple not get a "subsidy?" Microsoft? YEP, they do. The very same ones.

Apple, which makes useful "toys" is not unlike the oil industry which makes useful "neccessities" Both enjoyed relatively the same profits last year. Why are the tech companies lauded and the oil companies vilified for making essentialy the same greedy profits?

Because the Oil companies provide what is currently an essential commodity. Everyone sees it at the pump weekly if not daily and has no choice but to purchase. (kinda like Obamacare)

I'm for getting rid of all of these "subsidies" but let us do it fairly,,,to all industries. And let us not except the deceptive terminology employed by the President as he attempts to divide us into fighting factions. And chastise his personal devil, carbon based energy industry.

It has never been illegal to make a profit in America. Why has it now become selectively immoral to do so?

BTW, DS is correct. The govenment has done very well forcing all industries to be tax collectors, paying them nothing for performing the service while insulting them for charging those taxes (which by law they must collect and turn over to the government) to their customers and employees.

They don't, are you kidding or do you really believe that? They get probably the largest subsidies of any industry in this country. How about the American Coalition for Ethanol estimates that when combined with state and local government aid to large oil companies, subsidies amount to anywhere from $133.8 billion to $280.8 billion annually from all sources of taxpayer aid that goes to the oil and gas industry.

tiredretired · Mar 29, 2012

Danang Sailor said:
Joe, it won't cost them a frekin' penny! The taxpayers will make up whatever they lose from the end of the subsidy ... this
is just another way for us to pay for it.

Everybody sees this that has even has the most basic knowledge of business. You either pass your costs on to the consumer and eat them. Shareholders do not like the taste so they are usually passsed on. Barry must have been out community organizing the day they talked about this at Harvard.

What disturbs me is TR's post. We can't drill offshore here, but we can give help Brazil $2 billion to help them drill
offshore there? And then, we'll ship them more $$$ to buy their oil? WTFO??!?

Doesn't exactly make me giggle either, but par for the course with this president. He simply lacks the credentials to be a good leader.

FrancSevin said:
And let us not except the deceptive terminology employed by the President as he attempts to divide us into fighting factions. And chastise his personal devil, carbon based energy industry.

Divide & Conquer. Class warfare, race warfare. This is his modus operandi.

JEV said:
It's easy to see why Barry the Socialist is sending money to Brazill. More information here.

Surprise, surprise, surprise as Gomer Pyle used to say.

joec · Mar 29, 2012

Danang Sailor said:
Joe, it won't cost them a frekin' penny! The taxpayers will make up whatever they lose from the end of the subsidy ... this
is just another way for us to pay for it.

What disturbs me is TR's post. We can't drill offshore here, but we can give help Brazil $2 billion to help them drill
offshore there? And then, we'll ship them more $$$ to buy their oil? WTFO??!?

We can and are drilling off shore here, don't know where you get that information from. More rigs and drilling than in recent history but you won't buy it regardless. The oil industry has been subsidized for almost a century now since the first discovered that it burned. Subsidies are fine for startup however established industries making large profit, I'm sorry screw them.

Demand down, production up and prices controlled by a commodes market period. It wouldn't matter one single dime when speculators get involved.

FrancSevin · Mar 29, 2012

joec said:
They don't, are you kidding or do you really believe that? They get probably the largest subsidies of any industry in this country. How about the American Coalition for Ethanol estimates that when combined with state and local government aid to large oil companies, subsidies amount to anywhere from $133.8 billion to $280.8 billion annually from all sources of taxpayer aid that goes to the oil and gas industry.

So, the mandated Ethonal program, The tax credits which are inplace to promote it and primarily is a benefit to theAgri industry is now an oil Industry subsidy?

Is that like the Obamacare mandate is now the GOP's fault.

Where do you get this crap joec?

No one in the Treasury writes a check to the Oil companies.

Now, Champion Paper once got a subsidy of over $70,000 a month, to add Diesel to their wood chip brew. Seems they got no credit for using their scrap and tailins to fuel their boilers but some accountant figured out how to cheat the law and get some graft from Uncle Sam. But I don't believe they are part of the Oil industry. The law, which GWB signed, was suppose to cost the USA about $60,000 a year.

The idea that we can siphon off the Oil company's profits, or any company's profits by taxing them is an ubsurd trick on the public. Be dumb and silent if youwish. And belive that it comes out of their coffers from their profit margins.

But it never does.

They collect it at the pump. Part of it is actualy called a fuel tax. Part of it is the taxes they pay as part of the cost of doing business. It is a cost no different than the power bill, their phone bill, or the cost of equipment and labor.They simply pass it on to the consumer. Who doesn't realize they arepaying more than the road taxes.

The consumer. Who has no choice. The Oil industry knows it, the government knows it, and the public ought to know it as well.

I had know idea when I traded time for money, that the government employs each and every business as a tax collection agency. Most folks never think of it that way. The employer doesn't get paid for performing this service, and he can go to jail if he does not do it or does it wrong. The government then uses this tool with incentives to modify behavior. Good idea or bad, it is not a "subsidy" not a payment, but a tax credit.

But some folks refuse to admit this is the case. Or that it even happens.
But, it does.

Your employer "contributes" 1/2 of your Social Security payments. Do you believe he takes that out of his profits Joec? :yum:

joec · Mar 29, 2012

FrancSevin said:
So, the mandated Ethonal program, The tax credits which are inplace to promote it and primarily is a benefit to theAgri industry is now an oil Industry subsidy?

Is that like the Obamacare mandate is now the GOP's fault.

Where do you get this crap joec?

No one in the Treasury writes a check to the Oil companies.

Now, Champion Paper once got a subsidy of over $70,000 a month, to add Diesel to their wood chip brew. Seems they got no credit for using their scrap and tailins to fuel their boilers but some accountant figured out how to cheat the law and get some graft from Uncle Sam. But I don't believe they are part of the Oil industry. The law, which GWB signed, was suppose to cost the USA about $60,000 a year.

The idea that we can siphon off the Oil company's profits, or any company's profits by taxing them is an ubsurd trick on the public. Be dumb and silent if youwish. And belive that it comes out of their coffers from their profit margins.

But it never does.

They collect it at the pump. Part of it is actualy called a fuel tax. Part of it is the taxes they pay as part of the cost of doing business. It is a cost no different than the power bill, their phone bill, or the cost of equipment and labor.They simply pass it on to the consumer. Who doesn't realize they arepaying more than the road taxes.

The consumer. Who has no choice. The Oil industry knows it, the government knows it, and the public ought to know it as well.

I had know idea when I traded time for money, that the government employs each and every business as a tax collection agency. Most folks never think of it that way. The employer doesn't get paid for performing this service, and he can go to jail if he does not do it or does it wrong. The government then uses this tool with incentives to modify behavior. Good idea or bad, it is not a "subsidy" not a payment, but a tax credit.

But some folks refuse to admit this is the case. Or that it even happens.
But, it does.

Your employer "contributes" 1/2 of your Social Security payments. Do you believe he takes that out of his profits Joec?

My employers through the years doesn't pay me the contribution he takes in Social Security payments he has made. You know that term I'm sure in place of wages we give you this or that. Perhaps if they had paid me that money as wages I could of had a decent amount coming in each month instead of what I will get for Social Security. I might of even retired years ago too.

I'm well aware of what tax credits are and understand how subsidies work as they are tax credits. However the money given to them comes on the backs of other things we need at this time.

Now please, I am against all government subsidies I don't care what your business is period.

waybomb · Mar 29, 2012

joec said:
We can and are drilling off shore here, don't know where you get that information from. More rigs and drilling than in recent history but you won't buy it regardless. The oil industry has been subsidized for almost a century now since the first discovered that it burned. Subsidies are fine for startup however established industries making large profit, I'm sorry screw them.

Demand down, production up and prices controlled by a commodes market period. It wouldn't matter one single dime when speculators get involved.

Let's try some percentages. Pre Bush, oil imports were 44% of total used. Under Bush, oil imports were 32% of oil used. Under the great oil man Obama, we are back to 42% of oil used. These facts do not support the media hype about all this drilling that the new oilman on the block is doing now in three short years, especially after he and his envirowacko buddies claim it takes 10 years to bring oil Wells on line.

300 H and H · Mar 29, 2012

IF you use a lot of fuel, it made sence to contract it back say 45 days ago. I sure did, and now I will watch it as it climbs, glad that I did. Don't understand why more do not. It's easy, our fuel cards are just plastic, and I pay what I contracted for, not the posted price.

Any one who pays attention to this market knew this was comming 2 months ago. refineries are shuttered ect. No secret this was bound to happen...Just wait till the Mid East errupts this summer/fall...

Regards,Kirk

Raise taxes on the Oil Companys

tiredretired

The Old Salt

joec

New member

tiredretired

The Old Salt

Danang Sailor

nullius in verba

FrancSevin

Proudly Deplorable

JEV

Mr. Congeniality

joec

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tiredretired

The Old Salt

joec

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FrancSevin

Proudly Deplorable

joec

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waybomb

Well-known member

300 H and H

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