From Yahoo News:
WASHINGTON (AP) — Amid rising gasoline prices at the pump, President Barack Obama urged congressional leaders Tuesday to take steps to repeal oil industry tax breaks, reiterating a call he made in his 2012 budget proposal earlier this year. The White House conceded his plan would do nothing in the short term to lower gas prices.
Obama’s proposal, spelled out in his past two budget plans, would eliminate a number of tax breaks for oil companies that would generate an estimated $4 billion a year in additional revenue.
The tax breaks — some in place since the 1920s — have survived multiple attempts to repeal them in the face of heavy oil industry lobbying.
The Republican response to the president’s letter was dismissive.
A Boehner spokesman, Brendan Buck, said Tuesday that Obama’s suggestions “would simply raise taxes and increase the price at the pump.” Buck said that Boehner’s willingness to examine a subsidy did not mean he was advocating its repeal.
Senate Republican leader Mitch McConnell said: “The president’s latest call to raise taxes on U.S. energy is as predictable as it is counterproductive.”
But I’m willing to go there. As long as Mr Obama decides to eliminate subsidies all along the line. Subsidies for every corporate, private, government program. Subsidies for farmers, tobacco, the DC politicians themselves.
Remove subsidies from every aspect of the nation, and remove any exceptions both houses of Congress enjoy from their own laws.
Remove deductions from taxes. All deductions.
Instigate a flat tax. Private, corporate, doesn’t matter.
Enter profits here: _________.
Send in 25%. Enter that amount here: ________.
No deductions. No exceptions.
Not gonna happen. Because the Demorats and the Republicans are in bed TOGETHER. Because you, the American Taxpayer, you maggots need to be fleeced and cornholed.
And nothing will change because the American Taxpayer is fat, stupid, ignorant, and dwindling in numbers. The Parasites are not far from outnumbering the Hosts.
End “Big Oil” tax breaks?
Then end DC tax breaks as well.
Won’t happen.
BZ
BZ…
I’m afraid you are right, these buffoons will never go for a flat or fair tax, so we’re going to have to shove it down their throats…
I would be willing to do away with the “tax breaks” with Obama if in return he reduces the restrictions on drilling. And, like you, do away with ALL tax breaks. Ethanol subsidies, wind power subsidies solar subsidies, etc., etc…….
I like how our president is going to help us at the pump by, investigating for fraud and telling us we should buy a car that gets better mileage and raising the cost of operation for the oil industry that, of course, will be passed on to us!! What a nitwit!
The other irony, politicians have been telling us we need to wean ourselves from foreign oil since President Eisenhower. We are we now? Republicans are just a culpable in this too since they did nothing when they had their chances to change things as a majority party in previous years.
I’m fed up with ALL of them, BZ! If had the power, the first thing I would do is, not allow ANY lawyers serve in ANY elected office higher than dog catcher!
Does he not understand those taxes will simply be passed along to us??? WTFO!
BAA: and trust me, their mouths will be purposely closed. I’m not quite sure how to go with that “forced” thing.
Scotty: and why is it that NO ONE gets the “tax” thing?? NO MATTER where you raise taxes on business, those costs WILL be passed on down to — whom??
Oh yes, that’s right, the TAXPAYER.
NFO: facts in evidence, yes?
BZ
Scotty: and why is it that NO ONE gets the “tax” thing??
Ya know,BZ, I try, I really try to maintain a positive attitude about other folks intelligence but, it’s getting harder with each passing day!