[BYRD]

Heard that a tax was passed by congress that will make the oil companies pay 14 billion dollars more in taxes.

Guess who is going to pay for that?

I would like to thank the newly elected congress for taking more money out of the pockets of hard working americans. Congrats for helping to raise the already astronomical price of fuel to a new high.

 

[BigJim]

I believe that it would be more accurate to say that the dems passed legislation that stopped the ongoing government subsidies for the most profitable corporations in the nation, which will mean that they pay more in taxes but why were they getting the breaks to begin with?

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[ZKat]

I believe that it would be more accurate to say that the dems passed legislation that stopped the ongoing government subsidies for the most profitable corporations in the nation, which will mean that they pay more in taxes but why were they getting the breaks to begin with?

yet another defense of the dems from the so-called "non-lib".

 

[BYRD]

Maybe you're right. But all the legislation is going to do is raise fuel prices. You can't believe that oil compaines will take a $14 billion hit and not pass that on to consumers.

 

[TH]

We will pay regardless. Big oil and OPEC set the prices and we pay the price. Why should they get a tax break?

 

[BigJim]

yet another defense of the dems from the so-called "non-lib".

It was not a defense. It was a clarification on a statement that I believe to have been erroneous.

Only the conservatives around here seem to believe that the truth is a democratic style defense.

BYRD, you are probably right but is it right for the weathiest corporations in America to get preferential treatment on their tax bill? I could see it if they were only selling oil to Americans but that is certainly not the case.

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[BYRD]

I'm all for equal taxation. I was just pointing out that a congress that is suppose to be helping the people, just hurt them by passing laws (legislation) that raise taxes.

 

[BYRD]

It was not a defense. It was a clarification on a statement that I believe to have been erroneous.

Please tell how the meaning of the two statements below are different?

Heard that a tax was passed by congress that will make the oil companies pay 14 billion dollars more in taxes.

I believe that it would be more accurate to say that the dems passed legislation that stopped the ongoing government subsidies for the most profitable corporations in the nation, which will mean that they pay more in taxes but why were they getting the breaks to begin with?

As far as I can tell, BJ used big words and I used simple words. Any other differences?

 

[TH]

Is it a new tax, or the repeal of an old tax break, or the discontinuation of subsidies?

 

[ZKat]

Is it a new tax, or the repeal of an old tax break, or the discontinuation of subsidies?

yes

 

[Fritzer]

It was not a defense. It was a clarification on a statement that I believe to have been erroneous.

Please tell how the meaning of the two statements below are different?

As far as I can tell, BJ used big words and I used simple words. Any other differences?

That depends on how you define "most Profitable". Oil companies sell a lot of oil (duh!) and when they make profits, the amount is very large. However, as a percent of sales, the profit margin of oil companies is about average for US businesses, far less than pharmaceutical, but more than grocers.

I prefer to simplify things, and just call BlowJob a liar...

 

[TH]

These corporations have no special allegiance to us or our country. They will stick it to us regardless. So, in the big scheme of things, I would rather see that money go toward our govt. than into another multi-million dollar yacht in the Bahamas. What our govt. does with it after that is another story.

 

[BYRD]

So TH, you don't mind money being taken out of your pocket?

 

[TH]

Depends on who it is going to. Unlike many here, I realize that we all have an obligation to pay for the services provided by our govt. When my pocket money goes toward subsidizing big oil I do have a problem with it.

 

[BYRD]

Fair enough. It just bothers me that one of the 1st things done by the congress is to make a tax, repeal a tax, or whatever and it is going to cost me more money.

I guess I might just be a trickle down guy.

 

[TH]

Don't feel bad Byrd, as long as you drive you will pay the oil co. Directly or indirectly.

 

[TH]

You should get that trickling problem looked at.

 

[BYRD]

lmao

 

[Bryansfish]

Ok, I always hear about these taxes subsidies that that the Oil Co's get. Does anyone really know what they are? I'm not looking for I think answers but someone who actually knows what they are and what kind of taxes they allready pay. It always sounds good when you hear that they are getting hit with these taxes but is it really a good thing for us or just the goverment taking more money to wast.

 

[TH]

http://www.washingtonpost.com/wp-dy...2007010301857.html?nav=rss_business/special/3

http://www.cbsnews.com/stories/2006/11/15/politics/main2183058.shtml