Monday, April 7, 2008

Only a Democrat controlled congress would even try...

... to claim to lower oil prices by raising taxes on the oil companies..... From Red Planet:

Nothing is easier, or more emotionally satisfying, than blaming high prices on those who charge them, rather than on those who cause them.” –Thomas Sowell

(AP) The House approved $18 billion in new taxes on the largest oil companies Wednesday [Feb. 27] as Democrats cited record oil prices and rising gasoline costs in a time of economic troubles.
The money collected over 10 years would provide tax breaks for wind, solar and other alternative energy sources and for energy conservation. The legislation, approved 236-182, would cost the five largest oil companies an average of $1.8 billion a year over that period, according an analysis by the House Ways and Means Committee. Those companies earned $123 billion last year.
Senate Democratic leaders said they would put the bill on a fast track and try to avoid a Republican filibuster. The White House said the bill unfairly takes aim at the oil industry. President Bush is expected to veto the legislation if it passes Congress.
House Majority Leader Steny Hoyer, D-Md., noted it was two years ago, when oil cost $55 a barrel, when Bush said oil companies need no government subsidies to pursue more oil or gas.
“With the price of oil hovering around $100 do we really believe this incentive is justified?” asked Hoyer. “Do these companies need taxpayer subsidies to look for new product? They don’t need any incentive.”
Republicans said the measure unfairly targeted a single industry.
“It punishes the oil and gas industry. This is wrongheaded. It will result in higher prices at the gasoline pump. It’s spiteful and wrong,” said Rep. Jim McCrery, R-La.


If the voters of this great U.S. of A don't wake up and smell the roses - and the pork spenders - and the taxers -- this November and return at least one of these two houses of Congress to Republican control just to balance things out ----- then they deserve every gob'mint hatchet job that the Dem's congress wreaks on 'em!!
Dimmocrats jest don't get it -- Corporations don't pay taxes - they just pass it on thru to consumers..... Goldarn it!!!

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