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Thread: Senate votes to protect oil company subsidies

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    Re: Senate votes to protect oil company subsidies

    Quote Originally Posted by American View Post
    I thought Harry Reid runs the Senate. He's a Democrat right?
    Can you count? Do you understand numbers? Do you understand the rules that the Senate operates under>

    The answer would appear to be NO on all counts.

    Reid delivered 49 of 53 Democrats. He delivered 92% of his own party. Two Republicans joined to make it 51. Had he delivered 100% of his own party and only the two Republicans joined, the vote would have still lost since it was short of the needed 60.
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    Re: Senate votes to protect oil company subsidies

    Quote Originally Posted by American View Post
    The VAST majority? hehehe
    Do you have trouble making mathematical computations of what the majority is? It is a simple thing. It is more than half. One more is a majority. Five more is still a majority. Twenty more is still a majority.

    92% of the Democrats voted for it. While there is no specific mathematical computation that all could agree upon for what VAST is - I suspect 92% may qualify.
    Last edited by haymarket; 04-01-12 at 05:26 PM.
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    Re: Senate votes to protect oil company subsidies

    Oil company subsidies is liberal propaganda, they get the same tax breaks every other company gets,as in they can write off the cost of doing business just like everyone else. The only difference may be that oil company's cost are huge so their write offs are correspondingly huge. It's not cheap to find, drill and deliver oil.

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    Re: Senate votes to protect oil company subsidies

    So the left wants green subsidies and the right wants oil subsidies, goody, we get the worse of both worlds.

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    Re: Senate votes to protect oil company subsidies

    Quote Originally Posted by Porchev View Post
    Subsidies? Shouldn’t these be called tax breaks? Subsidies are funded by tax payers...in other words, the money is taken from one person and given to another (in this case, it would be a lot of people (since a company is made up of people). On the other hand, a tax break is just allowing a person or a group of people/company to keep more of their OWN money. So there is a big difference between a subsidy and tax break.

    And I believe these tax breaks are standard business deductions enjoyed by several companies, not just oil companies..
    Actually, tax breaks and tax deductions are two different things.
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    Re: Senate votes to protect oil company subsidies

    Quote Originally Posted by sawyerloggingon View Post
    Oil company subsidies is liberal propaganda, they get the same tax breaks every other company gets,as in they can write off the cost of doing business just like everyone else. The only difference may be that oil company's cost are huge so their write offs are correspondingly huge. It's not cheap to find, drill and deliver oil.
    1st I would like to state that I disagree with any and all subsidies and special tax breaks of any company. All should simply pay what they are suppose to pay. It is however as you say, propaganda by the democrats.

    Oh, those dastardly dirty oil companies with their multi-MULTI billions in profits, yet, are subsidized by the government STILL! But, what about others who get off with far less than the average middle income person?? Our fearless dem leaders and POTUS seem not to have any problem turning a blind eye to the others. What makes GE any different? What makes our continued government sponsored fannie mae and freedie mac any different? Those companies continue to bleed massively, yet, the dems continue to allow the top executives in those companies to be paid millions per year, with additional millions in bonuses on the tax payers dime. Not a single utterance of dastardly doing by the companies that wrecked the housing industry, and not only that, but are still being handsomely awarded. NOt with subsidies or breaks, but actually being paid tax payer money for their past and continued failure.

    It all should end. Any company that cannot stand on its own should not be propped up with tax payer money. Those who are among the most responsible of our economic hardships should not be the ones most handsomely awarded, yet the dems see NO problem with this. The dems are right IMO about the subsidizing of oil companies, but they are equally wrong about the subsidizing, the breaks and awarding of all those who have caused equal if not greater harm on the countries economy.

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    Re: Senate votes to protect oil company subsidies

    Quote Originally Posted by OpportunityCost View Post
    Lets get real. There are 9 types of tax breaks for oil companies.

    Oil & Gas Industry Subsidies


    Comments in that reddish color. 1 through 9 swiped from link.

    So...I agree with some of it. I disagree with some of it. Im willing to bet no one is willing to tackle each portion of their tax code piece by piece. Because if you did, I bet it would play out almost exactly the way I outlined with the far left and far right staking out all or nothing positions when common sense ones are what we need. Oh well, those are my opinions on the "subsidies" the oil companies are getting.

    To show why I put subsidied in quotes: How Much Big Corporations Pay In Taxes [GRAPHIC]

    Attachment 67125165

    Guys, thats a HuffPo link so attacking the messenger wont be of much traction. I think Oil companies are paying quite a lot in taxes even AFTER getting tax breaks. Do those breaks need to be examined? Yes. Can we do it while Obama is politicizing the issue instead of examining it with some common sense? Probably not.
    Best post I think I've ever seen on this website. /applause! (Like wasn't enough for this one )

    Hell, it might even make (Minus the picture) signature status.

    Why subsidize if they are paying so much in taxes?
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    Re: Senate votes to protect oil company subsidies

    how can we end subsidies for big oil when big oil doesn't receive subsidies?


    pretty hard to decide which side of an issue you fall on when the people in charge can't and won't be honest with us over even the basics. ( tax deductions =/= subsidies)
    if we have decided to declare that tax deductions are subsidies, then we will have to accept that every single tax payer , corporate or individual, is being subsidized by the federal government.

    as an aside, Harry Reid is still being a douche in the Senate... there is no good reason for him to refuse debate on the matter.... it's horrible governance to do so..... good partisan politics, but horrible governance.

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    Re: Senate votes to protect oil company subsidies

    Quote Originally Posted by TheDemSocialist View Post
    The vast majority voted to end these ridiculous subsidies. Only 4 dems voted against the bill....
    Of course. Have enough Dems vote against the bill so the subsidies remain in place and you and your party can still look like saints while nothing changes. The Dems still get oil money donations while while the other guy does the dirty work. You're being played.

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    Re: Senate votes to protect oil company subsidies

    Quote Originally Posted by 00timh View Post
    1st I would like to state that I disagree with any and all subsidies and special tax breaks of any company. All should simply pay what they are suppose to pay. It is however as you say, propaganda by the democrats.

    Oh, those dastardly dirty oil companies with their multi-MULTI billions in profits, yet, are subsidized by the government STILL! But, what about others who get off with far less than the average middle income person?? Our fearless dem leaders and POTUS seem not to have any problem turning a blind eye to the others. What makes GE any different? What makes our continued government sponsored fannie mae and freedie mac any different? Those companies continue to bleed massively, yet, the dems continue to allow the top executives in those companies to be paid millions per year, with additional millions in bonuses on the tax payers dime. Not a single utterance of dastardly doing by the companies that wrecked the housing industry, and not only that, but are still being handsomely awarded. NOt with subsidies or breaks, but actually being paid tax payer money for their past and continued failure.

    It all should end. Any company that cannot stand on its own should not be propped up with tax payer money. Those who are among the most responsible of our economic hardships should not be the ones most handsomely awarded, yet the dems see NO problem with this. The dems are right IMO about the subsidizing of oil companies, but they are equally wrong about the subsidizing, the breaks and awarding of all those who have caused equal if not greater harm on the countries economy.
    You didnt read my posts did you? :P

    Oil companies are paying billions in taxes. The majority of tax breaks they claim are similar to other manufacturing companies and other mining companies. I keep hearing griping about good paying jobs---oil pays very well. Why are dems so determined to make them pay even more?

    I say more because I went after this :
    Gas Tax - exxon - average.jpg
    Gasoline Taxes Vs. Exxon Profit, Per Gallon
    Oh look, the government is making more from a gallon of gas than the oil company.

    Interactive map at the link above---how much is government taking away from a gallon of gas by state:
    statetgastax.jpg

    Exxon sums up that their overall profit is 8 cents/gallon overall worldwide. Their business is a volume business. Government is raking in far more per gallon than Exxon at least is. Their business model seems to be working ok, but overall I question some of the tax breaks they do get, but I dont think we need the mass demonization from the very people that benefit the most from each gallon sold: the federal government.
    Last edited by OpportunityCost; 04-02-12 at 09:37 AM. Reason: forget the /gallon

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