Page 1 of 9 123 ... LastLast
Results 1 to 10 of 84
Like Tree71Likes

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

  1. #1
    pirate lover
    liblady's Avatar
    Join Date
    Aug 2009
    Location
    Florida
    Last Seen
    09-11-13 @ 01:00 PM
    Gender
    Lean
    Liberal
    Posts
    16,059
    Likes Received
    5018 times
    Likes Given
    3271
    Blog Entries
    1

    Senate blocks bill repealing $2 billion in oil tax breaks

    Senate blocks bill repealing $2B in oil tax breaks - Politics - Capitol Hill - msnbc.com

    The Senate blocked a bill Tuesday that would repeal about $2 billion a year in tax breaks for the five biggest oil companies, a Democratic response to $4-a-gallon gasoline that might fare better when Congress and the White House negotiate a deal later this year to increase the government's ability to borrow.
    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?

    Originally Posted by johnny_rebson:

    These are the same liberals who forgot how Iraq attacked us on 9/11.


  2. #2
    Defender of the Faith
    ludahai's Avatar
    Join Date
    Apr 2005
    Location
    Taichung, Taiwan - 2017 East Asian Games Candidate City
    Last Seen
    07-03-13 @ 12:22 AM
    Gender
    Lean
    Very Conservative
    Posts
    10,320
    Likes Received
    2117 times
    Likes Given
    4073

    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?
    Have you read the thread? The "tax breaks" are on FOREIGN EARNED INCOME!!! If you pay taxes on income earned in another country IN THAT COUNTRY, why should you pay taxes AGAIN on that same income???
    Semper Paratus
    Boston = City of Champions: Bruins 2011; Celtics 2008; Red Sox 2004, 2007; Patriots 2002, 2004, 2005
    Jon Huntsman for President

  3. #3
    pirate lover
    liblady's Avatar
    Join Date
    Aug 2009
    Location
    Florida
    Last Seen
    09-11-13 @ 01:00 PM
    Gender
    Lean
    Liberal
    Posts
    16,059
    Likes Received
    5018 times
    Likes Given
    3271
    Blog Entries
    1

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

    Quote Originally Posted by ludahai View Post
    Have you read the thread? The "tax breaks" are on FOREIGN EARNED INCOME!!! If you pay taxes on income earned in another country IN THAT COUNTRY, why should you pay taxes AGAIN on that same income???
    i read it.......and i didin't find that part. can you point it out please? and then read this:

    Prices at the pump
    Some GOP lawmakers argued that the bill would increase gas prices further. However, the nonpartisan Congressional Research Service concluded that eliminating the tax breaks would be unlikely to result in higher gasoline prices, which are influenced by a host of factors. The report said the bill would raise about $1.2 billion in 2012. By comparison, the five oil companies had combined revenues of $1.5 trillion last year.

    Originally Posted by johnny_rebson:

    These are the same liberals who forgot how Iraq attacked us on 9/11.


  4. #4
    Sage
    MrVicchio's Avatar
    Join Date
    Aug 2007
    Location
    San Antonio Texas
    Last Seen
    08-15-14 @ 12:20 PM
    Lean
    Very Conservative
    Posts
    22,229
    Likes Received
    7303 times
    Likes Given
    4474
    Blog Entries
    5

    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?
    All tax hikes, and this would be a tax hike, aren't paid by the company. Economics 101. Raise taxes on "eeeeevvvvviiiiilllll" oil companies, and they pass that on to us. Not really a brilliant move to begin with, however... in this moment when gas prices are effecting EVERYONE, who gets hurt more when gas prices go up? Hmmm?

    Head Start is crap, and Food Stamps are more often then not, waste and fraud affairs.
    Somethings always never change, for the better or worse.

  5. #5
    Global Moderator
    Moderator
    Zyphlin's Avatar
    Join Date
    Jul 2005
    Location
    Herndon, Va
    Last Seen
    @
    Gender
    Lean
    Conservative
    Posts
    35,978
    Likes Received
    23320 times
    Likes Given
    13446

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

    Quote Originally Posted by liblady View Post
    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?
    Why do people choose to cut their grochery budget or stop going to the movies every other weekend instead of robbing a 7-11?

    We don't raise taxes on people who are doing well because of the notion that there's no reason the government should be taking their money and penalizing them for being successful. The notion of cutting spending on food stamps, head start, the military, or anything else is the belief that the government needs to get its own failure of a budget under control before it starts trying to punish people or things that are successful to get around its own failures.
    MIA a few days as I become an Uncle back debating sometime next week

  6. #6
    pirate lover
    liblady's Avatar
    Join Date
    Aug 2009
    Location
    Florida
    Last Seen
    09-11-13 @ 01:00 PM
    Gender
    Lean
    Liberal
    Posts
    16,059
    Likes Received
    5018 times
    Likes Given
    3271
    Blog Entries
    1

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

    Prices at the pump
    Some GOP lawmakers argued that the bill would increase gas prices further. However, the nonpartisan Congressional Research Service concluded that eliminating the tax breaks would be unlikely to result in higher gasoline prices, which are influenced by a host of factors. The report said the bill would raise about $1.2 billion in 2012. By comparison, the five oil companies had combined revenues of $1.5 trillion last year.
    please show that head start is crap. as for food stamps, yes , i am sure there is fraud, but people are still FED.

    Originally Posted by johnny_rebson:

    These are the same liberals who forgot how Iraq attacked us on 9/11.


  7. #7
    Sage
    MrVicchio's Avatar
    Join Date
    Aug 2007
    Location
    San Antonio Texas
    Last Seen
    08-15-14 @ 12:20 PM
    Lean
    Very Conservative
    Posts
    22,229
    Likes Received
    7303 times
    Likes Given
    4474
    Blog Entries
    5

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

    Quote Originally Posted by liblady View Post
    please show that head start is crap.
    I give you, THE OBAMA ADMINISTRATION!! Drum Roll Please!
    After some prodding, yesterday the Obama administration released the long-overdue first grade evaluation of the federal Head Start program. As expected, the results show that the $7 billion per year program provides little benefit to children – and great expense to taxpayers.

    The evaluation, which was mandated by Congress during the 1998 reauthorization of the program, found little impact on student well-being. After collecting data on more than 5,000 three and four-year-old children randomly assigned to either a Head Start or a non Head Start control group, the Department of Health and Human Services found “few sustained benefits”. From the report:

    In sum, this report finds that providing access to Head Start has benefits for both 3-year-olds and 4-year-olds in the cognitive, health, and parenting domains, and for 3-year-olds in the social-emotional domain. However, the benefits of access to Head Start at age four are largely absent by 1st grade for the program population as a whole. For 3-year-olds, there are few sustained benefits, although access to the program may lead to improved parent-child relationships through 1st grade…

    While these results are uninspiring, they become even less impressive when more closely examined. Heritage’s David Muhlhausen calls into question the less-than-rigorous statistical methods employed by HHS:

    In some cases, HHS reports statistically significant impacts based on a standard of statistical significance is p<0.10 which is not the norm for most social scientists. The 0.05 level is the norm. With a sample of 4,667 children, there is no reason to use the easier 0.10 level. The larger your sample size the easier it is to find statistically significant findings, so using 0.10 as the standard for statistical significance is unwarranted with such a large sample size… For example, if they used the standard level of significance for the 1st grade year language and literacy measures, then the study would report no statistically measurable impact on all eleven measures. Instead, the lower standard used by HHS allows for them to report that Head Start had at least one positive impact on raised language and literacy.

    In essence, had HHS not used a less-rigorous method of evaluating Head Start, the report would have shown no impact on the language and literacy outcomes for the four-year-old cohort.

    Taxpayers have been on the hook for more than $100 billion for the Head Start program since 1965. This federal evaluation, which effectively shows no lasting impact on children after first grade and no difference between those children who attended Head Start and those who did not, should call into question the merits of increasing funding for the program, which the Obama administration recently did as part of the so-called “stimulus” bill.
    Obama Administration Report Shows Head Start Ineffective | The Foundry

    Head Start study shows no lasting gains
    Busting Myths About Head Start&#039;s Effectiveness | First Five Years Fund
    Head Start Earns an F
    Evidence Is Clear: Head Start Is Ineffective


    Quote Originally Posted by liblady View Post
    as for food stamps, yes , i am sure there is fraud, but people are still FED.
    Who cares about fraud and waste! People be getting foods!
    Somethings always never change, for the better or worse.

  8. #8
    Banned
    Join Date
    Oct 2009
    Last Seen
    08-14-12 @ 09:44 PM
    Gender
    Lean
    Libertarian
    Posts
    3,928
    Likes Received
    1563 times
    Likes Given
    1029

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

    Quote Originally Posted by liblady View Post
    please show that head start is crap. as for food stamps, yes , i am sure there is fraud, but people are still FED.
    Liblady: Puts the FED back in FED eral government.
    Last edited by dontworrybehappy; 05-18-11 at 08:54 AM.
    Erod likes this.

  9. #9
    pirate lover
    liblady's Avatar
    Join Date
    Aug 2009
    Location
    Florida
    Last Seen
    09-11-13 @ 01:00 PM
    Gender
    Lean
    Liberal
    Posts
    16,059
    Likes Received
    5018 times
    Likes Given
    3271
    Blog Entries
    1

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

    i did not know about this study.....but find a little comfort in this:

    In sum, this report finds that providing access to Head Start has benefits for both 3-year-olds and 4-year-olds in the cognitive, health, and parenting domains, and for 3-year-olds in the social-emotional domain.

    thanks for pointing this out. perhaps this program needs to be reconsidered, although i can't imagine why it would not benefit kids. makes no sense to me.

    Originally Posted by johnny_rebson:

    These are the same liberals who forgot how Iraq attacked us on 9/11.


  10. #10
    pirate lover
    liblady's Avatar
    Join Date
    Aug 2009
    Location
    Florida
    Last Seen
    09-11-13 @ 01:00 PM
    Gender
    Lean
    Liberal
    Posts
    16,059
    Likes Received
    5018 times
    Likes Given
    3271
    Blog Entries
    1

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

    now that i have the study up......i am changing my mind. seems your source didn't really mention ALL the benefits associated with head start. i am reading further.

    Originally Posted by johnny_rebson:

    These are the same liberals who forgot how Iraq attacked us on 9/11.


Page 1 of 9 123 ... LastLast

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •