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5 Bumps

Playing politics for votes at our expense?

"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.

Answer Question

Asked by Carpy at 5:01 PM on May. 13, 2011 in Politics & Current Events

Level 39 (114,053 Credits)
Answers (7)
  • The above quote was Howard Dean, by the way.

    Comment by Carpy (original poster) at 5:02 PM on May. 13, 2011

  • 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

  • Things like this just make my blood boil! When did success become such a bad thing?

    Answer by DSamuels at 6:37 PM on May. 13, 2011

  •      at the beach

    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

  • Progressives are masters at using words in a way that make you feel you are stupid if you disagree. Of course people would say they want 'tax payer money' back; except a tax incentive isn't money changing hands. It is the absence of money changing hands. That is what a tax break is. It is a play with words. It is a manipulation of the facts.

    Answer by jesse123456 at 10:12 PM on May. 13, 2011

  • It always cracks me up how letting people KEEP money that was theirs to begin with is somehow a LOSS of revenue for the govt. If they were really worried about the loss or revenue they would close loopholes and end creditts that allow companies like GE to get off scott free.

    Answer by yourspecialkid at 10:41 PM on May. 13, 2011

  • They don't need the help. They will be fine without the subsidies.

    Answer by Kitkat61277 at 11:16 PM on May. 13, 2011

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