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Thread: Senate blocks bill repealing $2 billion in oil tax breaks

  1. #31
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    Re: Senate blocks bill repealing $2 billion in oil tax breaks

    Quote Originally Posted by MrVicchio View Post
    Silly man, companies don't pay taxes, the consumers of their products do with higher costs. Unless you believe in price controls too...
    Increases in on a business' income tax do not affect the prices of its products.

    Silly conservatives need to go to school and learn ECON instead of getting their "education" from rush and/or palin.

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    Re: Senate blocks bill repealing $2 billion in oil tax breaks

    Quote Originally Posted by liblady View Post
    Senate blocks bill repealing $2B in oil tax breaks - Politics - Capitol Hill - msnbc.com



    why? why? why do we give companies with record profits tax breaks, especially now?
    how can the people who voted against this bill, in good conscience, suggest we cut, say, head start programs and food stamps?
    You do realize that it would not be the oil companies paying that 2billion in taxes if those cuts were repealed? It would we the consumers because taxes just like the cost of equipment,goods, labor and anything else that a company has to spend in order to make or produce something gets passed down to the consumer.
    "A nation can survive its fools, and even the ambitious. But it cannot survive treason from within. An enemy at the gates is less formidable, for he is known and carries his banner openly. But the traitor moves amongst those within the gate freely, his sly whispers rustling through all the alleys, heard in the very halls of government itself. For the traitor appears not a traitor; he speaks in accents familiar to his victims, and he wears their face and their arguments, he appeals to the baseness that lies deep in the hearts of all men. He rots the soul of a nation, he works secretly and unknown in the night to undermine the pillars of the city, he infects the body politic so that it can no longer resist. A murder is less to fear"

    Cicero Marcus Tullius

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    Re: Senate blocks bill repealing $2 billion in oil tax breaks

    Quote Originally Posted by solletica View Post
    Increases in on a business' income tax do not affect the prices of its products.
    Why would a business not do this? They do it when the cost of equipment,labor supplies and any else required for their business goes up.Its like that lawsuit against big tobacco many years ago,big tobacco didn't pay ****.The smokers helped pay for it and since at the time big tobacco owned Kraft and many other food brands non-smokers also helped pay for that lawsuit.

    Silly conservatives need to go to school and learn ECON instead of getting their "education" from rush and/or palin.
    Silly libs need know what a profit margin is and how businesses are ran.
    "A nation can survive its fools, and even the ambitious. But it cannot survive treason from within. An enemy at the gates is less formidable, for he is known and carries his banner openly. But the traitor moves amongst those within the gate freely, his sly whispers rustling through all the alleys, heard in the very halls of government itself. For the traitor appears not a traitor; he speaks in accents familiar to his victims, and he wears their face and their arguments, he appeals to the baseness that lies deep in the hearts of all men. He rots the soul of a nation, he works secretly and unknown in the night to undermine the pillars of the city, he infects the body politic so that it can no longer resist. A murder is less to fear"

    Cicero Marcus Tullius

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    Re: Senate blocks bill repealing $2 billion in oil tax breaks

    Quote Originally Posted by jamesrage View Post
    Why would a business not do this? They do it when the cost of equipment,labor supplies and any else required for their business goes up.Its like that lawsuit against big tobacco many years ago,big tobacco didn't pay ****.The smokers helped pay for it and since at the time big tobacco owned Kraft and many other food brands non-smokers also helped pay for that lawsuit.



    Silly libs need know what a profit margin is and how businesses are ran.
    If they did, they wouldn't be libs on such issues.

    .

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    Re: Senate blocks bill repealing $2 billion in oil tax breaks

    Quote Originally Posted by jamesrage View Post
    Quote Originally Posted by solletica View Post
    Increases in on a business' income tax do not affect the prices of its products.
    Why would a business not do this?
    You -> School -> Microeconomics

    They will teach you.

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    Re: Senate blocks bill repealing $2 billion in oil tax breaks

    Quote Originally Posted by TOJ View Post
    If they did, they wouldn't be libs on such issues.

    .
    Libs understand economics. Right wingers understand what rush limbaugh tells them.

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    Re: Senate blocks bill repealing $2 billion in oil tax breaks

    Quote Originally Posted by solletica View Post
    You -> School -> Microeconomics

    They will teach you.
    The thing is a school class does not equal real business. Taxes are one of the costs of doing business just like cost of supplies,transportation,employees and many other things a business needs in order to produce goods and or services. You would have to a be a ****en moron to think that no business is passing on those costs onto the consumer,especially companies with a very low net profit margin.

    Oil Industry Profit Margin Ranks Fairly Low: There Are Bigger Fish - Seeking Alpha
    114 Major Integrated Oil and Gas 6.2%


    Libs understand economics. Right wingers understand what rush limbaugh tells them.
    I seriously doubt that people who spew the mantra of lets tax the **** out of the rich and lets bleed a company to death for benefits somehow have any understanding of economics.
    "A nation can survive its fools, and even the ambitious. But it cannot survive treason from within. An enemy at the gates is less formidable, for he is known and carries his banner openly. But the traitor moves amongst those within the gate freely, his sly whispers rustling through all the alleys, heard in the very halls of government itself. For the traitor appears not a traitor; he speaks in accents familiar to his victims, and he wears their face and their arguments, he appeals to the baseness that lies deep in the hearts of all men. He rots the soul of a nation, he works secretly and unknown in the night to undermine the pillars of the city, he infects the body politic so that it can no longer resist. A murder is less to fear"

    Cicero Marcus Tullius

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    Re: Senate blocks bill repealing $2 billion in oil tax breaks

    Quote Originally Posted by solletica View Post
    Increases in on a business' income tax do not affect the prices of its products.

    Silly conservatives need to go to school and learn ECON instead of getting their "education" from rush and/or palin.
    I'm not.

    Taxes are a cost to business. The higher the tax increase, the more it hurts the profit margin, the more the effect ripples out. Be it higher priced goods, laid off employees, less investment into the business (that would purchase of new equipment, or expansion of existing)...

    Taxes are an artificial cost placed on businesses, and like ANY cost, it has consequences.
    Climate, changes. It takes a particularly uneducated population to buy into the idea that it's their fault climate is changing and further political solutions can fix it.



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    Re: Senate blocks bill repealing $2 billion in oil tax breaks

    Republicans have never seen a corporate welfare bill that they haven't loved.
    <font size=5><b>Its been several weeks since the Vegas shooting.  Its it still "Too Early" or can we start having the conversation about finally doing something about these mass shootings???​</b></font>

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    Re: Senate blocks bill repealing $2 billion in oil tax breaks

    Quote Originally Posted by Zyphlin View Post
    Are we talking about subsidies or tax breaks? I agree, we shouldn't be providing financial assistance to oil companies, I agree with you there. But to me that's significantly different then charging them less in taxes or, as one poster stated and if its true, attempting to tax them on money on income that wasn't even earned in the United States and is already taxed elsewhere.
    “Symbolic votes like this that aim to do nothing but pit people against each other will only frustrate the public even more,” Minority Leader Mitch McConnell, R-Ky., said.

    This from the man whose party wants to cut NPR and pretend that they're doing something to decrease the deficit.

    This from the party who knows that their bills will can't conceivably make it into law without alteration, but insist that even though they only hold 1/2 of the legislative body and anything they do can be vetoed, pretend they have the only hand at the table.

    Everything the Republicans do is symbolic and nothing more. They had a chance to symbolically show that they're not bought and paid for by the Big 5. But, of course, they are bought and paid for, so there was nothing for them to show.

    Take programs away from retarded adults and poor kids; but line the pockets of CEOs who already make millions.

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