"We're just talking about taking taxpayer money back. They get tremendous breaks, tax breaks, put in by lobbyists over the last few decades by both parties to the tune of $53 billion. I think if we have a deficit we ought to stop subsidizing people who are selling oil at $4 a gallon to the American people. This is not about taxing the oil companies, this is about taking money back from oil companies that we're giving them right now which makes the deficit bigger," Fmr. Gov. Howard Dean (D-VT) said on "Morning Joe.
We do not GIVE taxpayer money to the oil companies as Dean is trying to claim. Allowing them to keep MORE of the money THEY earn is not GIVING them money. A large percent of cuts in taxes goes into exploration, such as Shell's billions invested in Alaska that Obama just stopped. They may pay less in taxes, but that does not factor in the nearly 2 trillion, that compliance with regulations cost. All they will do is force the cost at the pump higher, and the sheep will still continue to blame the oil companies.
If they want to lower the pump price, all Obama would have to do is announce major drilling efforts in the US.
Why isn't he bitching about GE making profits and not paying taxes? Yes, it's strictly politics at our expense. JMO.
Answer by QuinnMae at 5:12 PM on May. 13, 2011
Answer by DSamuels at 6:37 PM on May. 13, 2011
Heads prefer to STAY in the sand, as the progressives lead us to where we can jump or be pushed, off the ledge...
Answer by agentwanda at 8:14 PM on May. 13, 2011
Answer by jesse123456 at 10:12 PM on May. 13, 2011
Answer by yourspecialkid at 10:41 PM on May. 13, 2011
Answer by Kitkat61277 at 11:16 PM on May. 13, 2011