Shady Posted May 24, 2010 Report Posted May 24, 2010 You'd think that by now, Dumocrats would have a better understanding of how business and economics works. Unfortunately, nope. Congress to quadruple tax on oilWASHINGTON (AP) - Responding to the massive BP oil spill, Congress is getting ready to quadruple—to 32 cents a barrel—a tax on oil used to help finance cleanups. The increase would raise nearly $11 billion over the next decade. The tax is levied on oil produced in the U.S. or imported from foreign countries. The revenue goes to a fund managed by the Coast Guard to help pay to clean up spills in waterways, such as the Gulf of Mexico. The tax increase is part of a larger bill that has grown into a nearly $200 billion grab bag of unfinished business that lawmakers hope to complete before Memorial Day Link Here's an idea. BP pays for the entire clean up by itself, and we leave the oil tax as it is now! Instead, those idiots are going to quadruple the tax, which is just going to end up raising the price of gasoline, and hitting the rest of us at the pump. Thanks Dumocrats. Quote
M.Dancer Posted May 24, 2010 Report Posted May 24, 2010 Just a feeling but I bet all the producers would rather a tax than 100% liability. Quote RIGHT of SOME, LEFT of OTHERS If it is a choice between them and us, I choose us
Shady Posted May 24, 2010 Author Report Posted May 24, 2010 Just a feeling but I bet all the producers would rather a tax than 100% liability. They're already liable for the cost of the clean up, under the law. And only BP is required to pay. Quote
punked Posted May 24, 2010 Report Posted May 24, 2010 They're already liable for the cost of the clean up, under the law. And only BP is required to pay. Ummmmmm that is a lie. They are liable for 75 million and the American people for the rest. The Republicans keep blocking the lift of that cap. Quote
Shady Posted May 24, 2010 Author Report Posted May 24, 2010 Ummmmmm that is a lie. No, it's not a lie. BP is required to pay for the clean up costs. You're mixing up the clean up with other liabilities. They are liable for 75 million and the American people for the rest. The Republicans keep blocking the lift of that cap. No, they're liable for 75 million dollars for non-clean up damages. That cap is going to be lifted, but Republicans don't want it to be an arbitrary number, which is the case right now. Democrats just picked a number out of the air. But what will really costs the American people, is much higher gasoline prices because of a quadrupling of the oil tax. That's just stupid. Quote
Bonam Posted May 24, 2010 Report Posted May 24, 2010 They're oil/gasoline taxes will still be far far lower than what we have in Canada. Quote
punked Posted May 24, 2010 Report Posted May 24, 2010 (edited) No, it's not a lie. BP is required to pay for the clean up costs. You're mixing up the clean up with other liabilities. No, they're liable for 75 million dollars for non-clean up damages. That cap is going to be lifted, but Republicans don't want it to be an arbitrary number, which is the case right now. Democrats just picked a number out of the air. But what will really costs the American people, is much higher gasoline prices because of a quadrupling of the oil tax. That's just stupid. That isn't true as soon as the Fed step in, LIKE YOU WANT IN YOUR OBAMA'S Katrina thread, then all the cost they incur would be under that 75 Million. YOU DON'T GET IT BOTH WAYS. Shady this is another case where you want it both ways, you want the Feds to do more and spend American money, while at the same time siding with Republicans who's refusal to lift the cap would make it so all those costs would be subject to 75 million Cap. Get with the program. Gasoline prices are going up with or with out a gas tax. BTW I think you are being intellectually dishonest acting like a 20 cent hike on a barrel of oil which costs anywhere from 70-100 dollars on any given day depending on speculation is going to make a difference. Now if you want to regulate trading on oil, then I could take your argument seriously but this gas "tax hike" is seriously how much one hege fund will drive the price of oil(and thus gas) up in 10 minutes on any given monday. You can spare me your BS. Edited May 24, 2010 by punked Quote
punked Posted May 25, 2010 Report Posted May 25, 2010 I can hardly wait for the mid-terms. Yah after losing 7 of the last 8 house races you are ready for more? Quote
Shady Posted May 25, 2010 Author Report Posted May 25, 2010 Yah after losing 7 of the last 8 house races you are ready for more? You do realize that even under the best scenarios, Democrats will lose at least 20 - 25 house seats, and 3 - 5 senate seats. Historically, regardless of anything else, it's going to happen. Whether it ends up being bigger than that remains to be seen. Quote
punked Posted May 25, 2010 Report Posted May 25, 2010 You do realize that even under the best scenarios, Democrats will lose at least 20 - 25 house seats, and 3 - 5 senate seats. Historically, regardless of anything else, it's going to happen. Whether it ends up being bigger than that remains to be seen. So wont lose the house or the Senate. Gotcha Shady the Republicans will be silent in both for the next 4 years. Quote
Shady Posted May 25, 2010 Author Report Posted May 25, 2010 So wont lose the house or the Senate. Gotcha Shady the Republicans will be silent in both for the next 4 years. No, in 2 years from now, there's elections again. Regardless, I can see November from my house. And it looks like a house takeover for the Republicans. In the senate, they'll only be a couple seats from majority. In other words, all of Obama's socialist agenda gets shut down! Quote
punked Posted May 25, 2010 Report Posted May 25, 2010 No, in 2 years from now, there's elections again. Regardless, I can see November from my house. And it looks like a house takeover for the Republicans. In the senate, they'll only be a couple seats from majority. In other words, all of Obama's socialist agenda gets shut down! House take over? Really you lost a house election the RNC promised by 8 points, and couldn't even muster 40% in HI. Give me a break the Republicans keep running on Nancy is scary and people keep sending them home crying. Quote
Shady Posted May 25, 2010 Author Report Posted May 25, 2010 House take over? Really you lost a house election the RNC promised by 8 points, and couldn't even muster 40% in HI. Give me a break the Republicans keep running on Nancy is scary and people keep sending them home crying. Who cares? Those seats are both in deep blue states. And when the Republicans were in control of the house and senate, they still didn't have those seats. You're being delusional. In fact, during the historic wave of Republicans in '94, That Penn district and Hawaii district both stayed in Democrat control. You're making a big deal out of nothing. But keep talking. It'll be even more fun to rub it in your face in November! Quote
punked Posted May 25, 2010 Report Posted May 25, 2010 (edited) Who cares? Those seats are both in deep blue states. And when the Republicans were in control of the house and senate, they still didn't have those seats. You're being delusional. In fact, during the historic wave of Republicans in '94, That Penn district and Hawaii district both stayed in Democrat control. You're making a big deal out of nothing. But keep talking. It'll be even more fun to rub it in your face in November! Yah and the two traditional Republicans seats in NY that the Dems won less then a year ago deep blue seats to? So deep blue one hasn't been a Dem seat in 150 years. HA Remember the Wisconsin 1 in he 1994 election? You know the district it is your boys Paul Ryan seat. That seat was a blue seat just like the one in Pen. The dems won it in 93 by 600 votes or less then 1% of the vote. It was the sign. Pen showed us this is not 94 as dems walked away with Pen. Edited May 25, 2010 by punked Quote
Wilber Posted May 25, 2010 Report Posted May 25, 2010 Lets see, they are increasing the tax from 8 cents a barrel to 32 cents a barrel. A monsterous increase from .0004 cents a liter to .0017 cents a liter. Horrors, it's the end of civilization as we know it! Quote "Never trust a man who has not a single redeeming vice". WSC
Smallc Posted May 26, 2010 Report Posted May 26, 2010 (edited) Lets see, they are increasing the tax from 8 cents a barrel to 32 cents a barrel. A monsterous increase from .0004 cents a liter to .0017 cents a liter. Horrors, it's the end of civilization as we know it! It's worse than you think. I just witnessed a small piece of the universe crack off and explode right in front of me. Edited May 26, 2010 by Smallc Quote
Wilber Posted May 26, 2010 Report Posted May 26, 2010 Surprised you didn't pick me up on my crappy math which was a couple of decimal places out. It should be an increase of .04 cents to .17 cents a liter. Still hardly earth shattering and a good idea as long as the money goes into a dedicated fund and not general revenue. It could be capped at a certain amount and the interest earned could look after it until a major event like this required dipping into the capital. The tax could then be reinstated to top it up. This way the money would be there when it is needed and courts could sort out who is to blame at a later date. Quote "Never trust a man who has not a single redeeming vice". WSC
BubberMiley Posted May 26, 2010 Report Posted May 26, 2010 Historically, regardless of anything else, it's going to happen. Thank you for this quote. It made my morning. "Historically, regardless of anything else, it's going to happen." is my new motto. Quote "I think it's fun watching the waldick get all excited/knickers in a knot over something." -scribblet
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