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Thread: Voters See These ‘Corporate Welfare’ Programs As A Good Place To Cut Government Spend

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    Re: Voters See These ‘Corporate Welfare’ Programs As A Good Place To Cut Government S

    Quote Originally Posted by lpast View Post
    The gop prompted by the teaparty defeated a bill to end subsidies for big oil

    Senate GOP Votes Down Bill To End Big Oil Subsidies - Blogrunner
    This article seems to provide some of the reasoning behind the vote. Looks to me like my suggestion for handling corporate taxation would have answered to some of the concerns expressed over this bill.

    Senate GOP Votes Down Bill To End Big Oil Subsidies
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    Re: Voters See These ‘Corporate Welfare’ Programs As A Good Place To Cut Government S

    Quote Originally Posted by tessaesque View Post
    This article seems to provide some of the reasoning behind the vote. Looks to me like my suggestion for handling corporate taxation would have answered to some of the concerns expressed over this bill.

    Senate GOP Votes Down Bill To End Big Oil Subsidies
    Only 1 of the tax credits is specific to energy production, the rest were just regular tax write offs that other businesses get to take.
    They were trying to hit one industry with selective tax punishment.
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    Re: Voters See These ‘Corporate Welfare’ Programs As A Good Place To Cut Government S

    Quote Originally Posted by Harry Guerrilla View Post
    Those aren't "big oil subsidies."
    They are tax credits that all businesses get to take.

    Why target one industry for the elimination?

    no, these are specific oil company subsidies that should be removed. and while we're at it, let's make sure congress gives themsleves pay CUTS, and takes away the bennies for life deal.

    Originally Posted by johnny_rebson:

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


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    Re: Voters See These ‘Corporate Welfare’ Programs As A Good Place To Cut Government S

    Quote Originally Posted by liblady View Post
    no, these are specific oil company subsidies that should be removed. and while we're at it, let's make sure congress gives themsleves pay CUTS, and takes away the bennies for life deal.
    Out of the 5 (iirc) there was 1 specific tax credit for gas and oil production.
    The rest were generic tax write offs that every business gets to take.
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    Re: Voters See These ‘Corporate Welfare’ Programs As A Good Place To Cut Government S

    Quote Originally Posted by Harry Guerrilla View Post
    Only 1 of the tax credits is specific to energy production, the rest were just regular tax write offs that other businesses get to take.
    They were trying to hit one industry with selective tax punishment.
    Yeah, the article covers that. I was just refering back to how an across-the-board change in how we handle business taxation is the best route. Cherry picking (more to your point) isn't a good idea.
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    Re: Voters See These ‘Corporate Welfare’ Programs As A Good Place To Cut Government S

    Quote Originally Posted by Harry Guerrilla View Post
    Out of the 5 (iirc) there was 1 specific tax credit for gas and oil production.
    The rest were generic tax write offs that every business gets to take.
    And the next gain was only $12 billion a year. I'm seeing daily government spending ranging from $9 billion to $11 billion. So if that brilliant little law had been passed we'd have made enough money to pay for slightly more than 1 day of government operation. And we would have been explicitly targeting one industry, removing tax credits which are universal to all other forms of industry, and opening the government up for a lawsuit that would (I'm sure) end up costing more than the expected revenues from this bill.
    "Hmmm...Can't decide if I want to watch "Four Houses" or give myself an Icy Hot pee hole enema..." - Blake Shelton


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    Re: Voters See These ‘Corporate Welfare’ Programs As A Good Place To Cut Government S

    Quote Originally Posted by tessaesque View Post
    And the next gain was only $12 billion a year. I'm seeing daily government spending ranging from $9 billion to $11 billion. So if that brilliant little law had been passed we'd have made enough money to pay for slightly more than 1 day of government operation. And we would have been explicitly targeting one industry, removing tax credits which are universal to all other forms of industry, and opening the government up for a lawsuit that would (I'm sure) end up costing more than the expected revenues from this bill.
    Yep, they were just baiting the anti "big oil" crowd with that bill.
    Discriminatory waste of time.
    I was discovering that life just simply isn't fair and bask in the unsung glory of knowing that each obstacle overcome along the way only adds to the satisfaction in the end. Nothing great, after all, was ever accomplished by anyone sulking in his or her misery.
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    Re: Voters See These ‘Corporate Welfare’ Programs As A Good Place To Cut Government S

    Yes bigotry. Nothing else. Your article DOES NOT state what you claim it does. Not only bigoted, you're dishonest in your condemnation.

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    Re: Voters See These ‘Corporate Welfare’ Programs As A Good Place To Cut Government S

    Quote Originally Posted by lpast View Post
    Perry then why in Ryans Plan the big kahunna of Deficit Reduction brainstorms totally supported by the tearparty...

    Have corporate tax cuts to the tune of 28% and did it mention cutting corporate welfare ? all I heard was Social Security and Medicare
    You do understand that tax rates and subsidies are two different things? Many will argue that tax rates should be lowered because it's the consumer than pays it. Subsidies are where we pay a corporation to do or not do something.

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    Re: Voters See These ‘Corporate Welfare’ Programs As A Good Place To Cut Government S

    Quote Originally Posted by Harry Guerrilla View Post
    Out of the 5 (iirc) there was 1 specific tax credit for gas and oil production.
    The rest were generic tax write offs that every business gets to take.
    depletion allowances for oil? that's not generic, that's specific.

    Foreign governments long ago grew wise to the U.S. tax code. To reduce costs for everyone involved and attract business, they agreed to call some royalties income taxes, allowing oil companies to take the 100% deduction on a bigger slice of their bill.
    and the above is the problem i have with froreign income tax exemptions. the fact is, oil companies don't need any subsidies to continue with their record profits, especially when we are eliminating programs for the needy.

    Originally Posted by johnny_rebson:

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


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