Those of you who insist we need to take away tax breaks from the 5 biggest oil companies, I'm just wondering what you think that will accomplish.
Pay off the debt? Fund health care? Bring down gas prices? Grow jobs...... Or just make you feel better?
Answer by NotPanicking at 9:48 PM on May. 13, 2011
Answer by miss_lisa at 9:52 PM on May. 13, 2011
Answer by Carpy at 9:54 PM on May. 13, 2011
Answer by Carpy at 9:56 PM on May. 13, 2011
Nothing. They pay something like $20 million a day in taxes. Charles Krauthammer said last night that if the tax breaks were taken from the oil companies and applied to the debt for 100 years, it would, in essence, erase 2 months of debt. The tax incentives add up to nothing and is only a 'feel good' gesture. Oil companies suprised Congress with their stance. They didn't fight for the tax breaks. They begged to be allowed to go back to work, employ people, and make money so they could pay taxes. Bet they didn't expect that!
Answer by jesse123456 at 9:57 PM on May. 13, 2011
Answer by Anonymous at 10:10 PM on May. 13, 2011
Answer by NotPanicking at 10:14 PM on May. 13, 2011
Answer by Anonymous at 10:19 PM on May. 13, 2011
Answer by janet116 at 10:26 PM on May. 13, 2011
Next question overall
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