Higher Gas Prices Thanks To Dems

[red states rule]

Dems passed another tax increase - which will be passed on to you via higher pump prices

The next time you pull up to fill your tank and you see the price is higher then it was last time you filled up - thank a Taxacrat liberal

However, since the Dems do not have a veto proff majoirty and Pres Bush will veto any tax increase - why are they wasting their time and our tax dollars?


House votes to raise tax on oil firms
By Sean Lengell/ Christopher Dolan

The Democrat-led House yesterday passed a $16 billion tax increase on the oil industry to pay for renewable energy and conservation incentives ignoring the White House's charge that it will raise gas prices and reliance on foreign oil.

It then gave President Bush a victory by temporarily expanding the administration's eavesdropping authority on foreign terror suspects last night before taking up the Pentagon's 2008 budget plan, which Democrats said they would not use to try to alter Iraq war policy.

The push toward the summer recess ends months of partisan discord and gives legislators 28 days to recharge for renewed battles over a trio of issues that have hamstrung Congress since Democrats took control in January: the Iraq war, immigration reform and spending.

Democrats said the energy package is a step toward weaning the nation off fossil fuels and their emissions, which many scientists blame for global warming. They also say the proposal will create jobs in the growing renewable energy industry.

"Energy independence is a national security issue, an environmental and health issue, an economic issue and a moral issue," said House Speaker Nancy Pelosi, California Democrat. "We must strengthen our national security by reducing our dependence on foreign oil."

The two bills in the package offer tax credits and incentives for research, development and production of clean energy from renewable sources such as solar, wind and geothermal, as well as biofuels and hydroelectric power. It rolls back about $16 billion in tax breaks for the oil industry to finance these incentives.

Republicans said the bills do nothing to increase the production of domestic oil and coal and will lead to higher energy prices.

"The U.S. has been the world's No. 1 industrial economy since just after the Civil War, we did so by using our coal, our oil, our natural gas and our brains to create and use more energy to amplify human strength to do more things than any of our competitors on earth," said Rep. Don Young, Alaska Republican. "Our competitors in the world would like us to rest."

for the complete article

http://washingtontimes.com/apps/pbcs.dll/article?AID=/20070805/NATION/108050050/1001

[red states rule]

Libs keep wanting to raise taxes on the "rich" and on businesss - despite record tax reciepts pouring into DC thanks to tax CUTS!!!!



Congress vs. realities
Richard W. Rahn
August 5, 2007
Assume you own a store that sells CDs for $4 per pack. You notice fewer people are buying from you, because most of your competitors sell CDs for $2.50, and some discounters charge only $1. The average junior high school student can figure out that the correct competitive response is to lower your price, not increase it, but many members of the U.S. Congress seem unable to grasp this elementary concept — more on this below.

On July 26, Treasury Secretary Henry Paulson held a conference to which he invited many leading tax experts (both Republicans and Democrats) — tax lawyers, tax accountants, and tax economists. Some represented academics, think tanks and companies; others, such as former Federal Reserve Chairman Alan Greenspan, were past senior government officials.

The Treasury background paper for the conference, "Business Taxation and Global Competitiveness," noted that: "Since 1980, the United States has gone from a high corporate tax-rate country to a low-rate country ... and ... back again to a high-rate country today."

Business people can establish corporations almost any place on the globe they choose, even though they may produce or sell their products in only dozens of countries. Other things being equal, they logically will choose a country with a lower rather than higher rate of corporate tax.

There has been much hew and cry about corporations moving out of the U.S., but what should be of even greater concern is that new companies increasingly are not incorporating or going public here. The U.S. is losing global corporate market share because of both its higher tax burden and its excessive regulations (such as the Sarbanes-Oxley Act).

European Union countries now have an average corporate tax rate of less than 25 percent. Ireland is at 12½ percent, and some of the newer EU members have rates as low as 10 percent, while the U.S. corporate rate (federal and average state) is 39 percent. From the time of the Reagan economic revolution until the last couple of years, the United States, on average, grew much faster than its European competitors. But as the Europeans have begun reforming their economies and reducing corporate tax rates, they have started growing more rapidly than the United States.

The U.S. also taxes corporations at a much higher rate than sole proprietorships and various forms of partnerships, including LLCs (limited liability companies). The result is unincorporated businesses constitute a much larger share of all businesses in the U.S. than in all other major countries, with the sole exception of Mexico.

The bizarre result of the U.S. noncompetitive tax rate is that the government gets far less revenue than it would if it lowered the rate.

for the complete article

http://washingtontimes.com/article/20070805/COMMENTARY/108050018/1012/commentary

[PostmodernProphet]

It rolls back about $16 billion in tax breaks for the oil industry

okay, six years ago we gave oil companies tax breaks to encourage domestic production......how much of an increase in domestic production did we get as a result?.......

[red states rule]

okay, six years ago we gave oil companies tax breaks to encourage domestic production......how much of an increase in domestic production did we get as a result?.......

oil is at record demand, and oil comanies are making record sales

If you raise the cost of doing busieness - the cost will be passed onto the price at the pump

it will not hurt the oil companies at all

[PostmodernProphet]

doesn't answer my question.....was there an increase in domestic production?.....

[red states rule]

doesn't answer my question.....was there an increase in domestic production?.....

If our demand is increasing, and the refineries are at nearly 100% capavity, the oil companies are doing what they can to keep up

there have been many court ruling BLOCKING any drilling in the US where we know oil is rwady to be pumped out

It is not the oil companies fault for high gas prices

[red states rule]

http://news.carjunky.com/what-other-costs-make-up-the-price-of-gasoline-abc527.shtml

[PostmodernProphet]

If our demand is increasing, and the refineries are at nearly 100% capavity, the oil companies are doing what they can to keep up

there have been many court ruling BLOCKING any drilling in the US where we know oil is rwady to be pumped out

It is not the oil companies fault for high gas prices

tell me something, Red.....if I hire the neighbor kid to mow my lawn for $20 and I don't let him in my yard, then I look like an idiot.....but don't I look even worse if I keep giving him the $20 every week?

this is another example of being for something just because liberals are against it....

what is 'conservative' about giving $16 billion to private business?

[red states rule]

tell me something, Red.....if I hire the neighbor kid to mow my lawn for $20 and I don't let him in my yard, then I look like an idiot.....but don't I look even worse if I keep giving him the $20 every week?

this is another example of being for something just because liberals are against it....

what is 'conservative' about giving $16 billion to private business?

So take the government out 100% and let the oil companies do their job. Have the government take away all the regulations, let them drill where they want, and build the refineries needed

You can't blame the oil companies for lack of domestic production and then ignore the court rulings and enviro wackos blocking their attempts to increase production

[PostmodernProphet]

Have the government take away all the regulations, let them drill where they want, and build the refineries needed


I have no problem with that.....I think the result will be different than you anticipate, but I have no problem with the attempt....

and I'm not blaming the oil companies for the fact domestic production hasn't increased....I just don't want to give them $16 billion to increase domestic production, when they aren't.......

[red states rule]

I have no problem with that.....I think the result will be different than you anticipate, but I have no problem with the attempt....

Having liberals stop their war on Big Oil will nevr happen - I can't think of an industry they have not attacked

Well, they have not attacked the porn industry - other then that, I can't think of one

[actsnoblemartin]

Pathetic, taxes are too high on gas, and the environmentalists wont let us, build oil refineries, which in the short term, can help us lower gas prices.


Dems passed another tax increase - which will be passed on to you via higher pump prices

The next time you pull up to fill your tank and you see the price is higher then it was last time you filled up - thank a Taxacrat liberal

However, since the Dems do not have a veto proff majoirty and Pres Bush will veto any tax increase - why are they wasting their time and our tax dollars?


House votes to raise tax on oil firms
By Sean Lengell/ Christopher Dolan

The Democrat-led House yesterday passed a $16 billion tax increase on the oil industry to pay for renewable energy and conservation incentives ignoring the White House's charge that it will raise gas prices and reliance on foreign oil.

It then gave President Bush a victory by temporarily expanding the administration's eavesdropping authority on foreign terror suspects last night before taking up the Pentagon's 2008 budget plan, which Democrats said they would not use to try to alter Iraq war policy.

The push toward the summer recess ends months of partisan discord and gives legislators 28 days to recharge for renewed battles over a trio of issues that have hamstrung Congress since Democrats took control in January: the Iraq war, immigration reform and spending.

Democrats said the energy package is a step toward weaning the nation off fossil fuels and their emissions, which many scientists blame for global warming. They also say the proposal will create jobs in the growing renewable energy industry.

"Energy independence is a national security issue, an environmental and health issue, an economic issue and a moral issue," said House Speaker Nancy Pelosi, California Democrat. "We must strengthen our national security by reducing our dependence on foreign oil."

The two bills in the package offer tax credits and incentives for research, development and production of clean energy from renewable sources such as solar, wind and geothermal, as well as biofuels and hydroelectric power. It rolls back about $16 billion in tax breaks for the oil industry to finance these incentives.

Republicans said the bills do nothing to increase the production of domestic oil and coal and will lead to higher energy prices.

"The U.S. has been the world's No. 1 industrial economy since just after the Civil War, we did so by using our coal, our oil, our natural gas and our brains to create and use more energy to amplify human strength to do more things than any of our competitors on earth," said Rep. Don Young, Alaska Republican. "Our competitors in the world would like us to rest."

for the complete article

http://washingtontimes.com/apps/pbcs.dll/article?AID=/20070805/NATION/108050050/1001

[avatar4321]

okay, six years ago we gave oil companies tax breaks to encourage domestic production......how much of an increase in domestic production did we get as a result?.......

How do you give someone money that already belongs to them?

You dont give people money with tax cuts. You just dont take it. Its their money. Why the heck shouldnt they keep it?

The government isnt paying them squat to produce domestic supplies.

[red states rule]

Pathetic, taxes are too high on gas, and the environmentalists wont let us, build oil refineries, which in the short term, can help us lower gas prices.

Oil companies make 10 profit on a gallon of gas

Govenment makes 50 to 60 cents in taxes on the same gallon of gas

Yet, all the attention is on the profits of the oil companies

[red states rule]

How do you give someone money that already belongs to them?

You dont give people money with tax cuts. You just dont take it. Its their money. Why the heck shouldnt they keep it?

The government isnt paying them squat to produce domestic supplies.

:clap:

[PostmodernProphet]

How do you give someone money that already belongs to them?

You dont give people money with tax cuts. You just dont take it. Its their money. Why the heck shouldnt they keep it?

The government isnt paying them squat to produce domestic supplies.

cutting taxes is announcing 'The tax rate has just been reduced by x%".....saying "your taxes will go down if you do this...." is just another way of buying something....

it's the difference between a tax deduction and a tax credit.....

a deduction is taken from your income before you calculate your taxes......you do not pay taxes on a deduction.....a credit is calculated after you determine how much your tax bill is.....then the government says, "we will subtract this amount from the taxes you owe, if you do the following....."

[red states rule]

cutting taxes is announcing 'The tax rate has just been reduced by x%".....saying "your taxes will go down if you do this...." is just another way of buying something....

it's the difference between a tax deduction and a tax credit.....

a deduction is taken from your income before you calculate your taxes......you do not pay taxes on a deduction.....a credit is calculated after you determine how much your tax bill is.....then the government says, "we will subtract this amount from the taxes you owe, if you do the following....."

It is still NOT the governments money - something alot of people still do not understand

[PostmodernProphet]

It is still NOT the governments money - something alot of people still do not understand

until you talk somebody into changing the tax laws, you are wrong.....as I said, the tax credit is taken AFTER a determination of how much tax is owed.....

[red states rule]

until you talk somebody into changing the tax laws, you are wrong.....as I said, the tax credit is taken AFTER a determination of how much tax is owed.....

any tax insreases on the oil companies wil be passed on to the public with higher gas prices

It wil not harm the oil companies at all

[PostmodernProphet]

any tax insreases on the oil companies wil be passed on to the public with higher gas prices

It wil not harm the oil companies at all


I can see where that would be a great comfort to you, but personally, I don't give a shit whether some foreign oil company gets harmed....

it doesn't change the fact there is no reason to give a tax break to an oil company for doing something it isn't doing.....

[red states rule]

I can see where that would be a great comfort to you, but personally, I don't give a shit whether some foreign oil company gets harmed....

and it would cause US workers to lose jobs, and the prcie of gas to hurt Amercans

you are a strange conservative

[red states rule]

Why did Toyota kill the electric car? Slow sales
Posted by Michael Kanellos
There are a lot of theories about why large auto manufacturers killed off their electric cars in the '90s. GM came out with one. Ford did as well, and so did Toyota.

Some believe oil companies pressured the car manufacturers to kill the electric car lines. Others have said that once the legislative mandates got weakened, the manufacturers lost interest.

Mary Nickerson, national marketing manager for Toyota, has a different take. Customers didn't want it.

"The Rav4 EV had a 100-mile range. That range was not sufficient for most people in the marketplace," she said during the Clean Tech Investor Summit which took place this week in Palm Desert, Calif. "If it is the only vehicle in your garage, it is not enough for a typical American household."

That limited range meant it was mostly interesting to people looking for a second or third car, or an in-town car. But even then, sales were low. "The number of people who closed the deal dribbled" to low numbers, she said.

Interestingly, it's similar to what Elon Musk, the PayPal billionaire and chairman of Tesla Motors, said last year when he launched the all-electric Tesla Roadster.

"Until today, all electric cars have sucked," said Musk last July.

http://news.com.com/8301-10784_3-6153394-7.html

[PostmodernProphet]

and it would cause US workers to lose jobs

if some oil company had hired a US worker and increased domestic production a US worker might have lost his job....but since they didn't increase domestic production, or hire any workers...it isn't going to matter, is it?.......

[red states rule]

if some oil company had hired a US worker and increased domestic production a US worker might have lost his job....but since they didn't increase domestic production, or hire any workers...it isn't going to matter, is it?.......

Who the hell do you think are working in the oil fields, refineries, and off shore oil rigs in the US?

[PostmodernProphet]

The Rav4 EV had a 100-mile range

which would have doubled using the Ovshinsky battery....the article I linked above specifically stated the Rav4 would have had a 200 mile range......and that disregards all the improvements that have been made in batteries since 1999......

[red states rule]

which would have doubled using the Ovshinsky battery....the article I linked above specifically stated the Rav4 would have had a 200 mile range......and that disregards all the improvements that have been made in batteries since 1999......

Gee, drive 100 miles and pull off for a recharge

No wonder it bombed

[PostmodernProphet]

Who the hell do you think are working in the oil fields, refineries, and off shore oil rigs in the US?


Red....you seem to have forgotten what we are discussing.....tax credits issued to INCREASE US production in 2002...people working in the oil fields and refineries that have been around since the 80s have nothing to do with the issue.....

[red states rule]

Red....you seem to have forgotten what we are discussing.....tax credits issued to INCREASE US production in 2002...people working in the oil fields and refineries that have been around since the 80s have nothing to do with the issue.....

If the enviro wackos and kook left would take the handcuffs offf the oil companies - they would increase production

[PostmodernProphet]

Gee, drive 100 miles and pull off for a recharge

No wonder it bombed


how many billions of gallons of gasoline are burned daily by people driving to and from work who drive less than 100 (actually 200, which you ignored) miles a day......

how many days a year do you drive less than 100 miles a day?

[red states rule]

how many billions of gallons of gasoline are burned daily by people driving to and from work who drive less than 100 (actually 200, which you ignored) miles a day......

how many days a year do you drive less than 100 miles a day?

I drive 63 miles to work - one way

[PostmodernProphet]

If the enviro wackos and kook left would take the handcuffs offf the oil companies - they would increase production


quite seriously, I consider that bullshit......oil companies will increase production, when and only when they think they can make more money than they can shipping it in from Venezuela......

[red states rule]

quite seriously, I consider that bullshit......oil companies will increase production, when and only when they think they can make more money than they can shipping it in from Venezuela......

They know they would sell all they could produce. Demand continues to increase, despite the high price of oil