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Thread: Senate votes to protect oil company subsidies

  1. #41
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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.
    I have to disagree with you on tax breaks for investments. These breaks were put into place to encourage businesses to invest in new technology and incentives growth. I spent alot of my life as owner operator of a small business and there were alot of times that the tax break I got for buying a new piece of heavy equipment for 100 K was only possible because of the tax break it gave me. This was good for me, for Caterpillar, my employees and there employees who all pay taxes and buy things from other company's with more employees on and on.

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    Re: Senate votes to protect oil company subsidies

    Quote Originally Posted by OpportunityCost View Post
    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.
    I was good with your post until you got to here. Have you looked at the tax on a pack of cigarettes lately?



    Ed:
    BTW - You (accidentally I'm sure) posted some of that data in the "Recall" thread.
    Last edited by MoSurveyor; 04-02-12 at 10:14 AM.
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  3. #43
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    Re: Senate votes to protect oil company subsidies

    Quote Originally Posted by OpportunityCost View Post
    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 :
    Attachment 67125258
    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:
    Attachment 67125259

    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.
    Gee, I thought Conservatives were all against market interventionism, cause a subsidy requires any oil company to go begging for one. I'm sure the big boys do just fine and the smaller oil companies get screwed cause they didn't hire enough lawyers.

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    Re: Senate votes to protect oil company subsidies

    Quote Originally Posted by Matt Foley View Post
    Gee, I thought Conservatives were all against market interventionism, cause a subsidy requires any oil company to go begging for one. I'm sure the big boys do just fine and the smaller oil companies get screwed cause they didn't hire enough lawyers.
    Right off the bat, since they wind up paying taxes and more of them than anyone else, I dont think they are being subsidized. Tax break yes, subsidy no.
    I outlined which tax breaks I am for and which I think need to be eliminated---essentially those tax breaks that every other company in the US gets as incentive to be in business, primarily in capital investment breaks, exploration and amortization. Its not as simple as you like to portray it. Your post is spin, why dont you tackle posts 26 and 27 and come back and tell me which tax breaks should be kept and which should be gone. Number them 1 to 9 to be clearer, put your money where your mouth is.

    I think, judging by the tax outlay from earlier, Exxon is getting hosed compared to GE and Berkshire/Hathaway.

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    Death2Globalists Matt Foley's Avatar
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    Re: Senate votes to protect oil company subsidies

    Quote Originally Posted by OpportunityCost View Post
    Right off the bat, since they wind up paying taxes and more of them than anyone else, I dont think they are being subsidized. Tax break yes, subsidy no.
    I outlined which tax breaks I am for and which I think need to be eliminated---essentially those tax breaks that every other company in the US gets as incentive to be in business, primarily in capital investment breaks, exploration and amortization. Its not as simple as you like to portray it. Your post is spin, why dont you tackle posts 26 and 27 and come back and tell me which tax breaks should be kept and which should be gone. Number them 1 to 9 to be clearer, put your money where your mouth is.

    I think, judging by the tax outlay from earlier, Exxon is getting hosed compared to GE and Berkshire/Hathaway.
    There's always excuses in market intervention, except my excuse for Tariffs are actually constructive where yours end up being destructive.

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    Re: Senate votes to protect oil company subsidies

    My thoughts are whey the government is not giving the subsidy on Petroleum products ? How they are getting loose in the company

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    Re: Senate votes to protect oil company subsidies

    Quote Originally Posted by Matt Foley View Post
    There's always excuses in market intervention, except my excuse for Tariffs are actually constructive where yours end up being destructive.
    bleh bleh bleh, look at the arlier post and outline which you would be for and against, I think it will be instructive.

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    Re: Senate votes to protect oil company subsidies

    Quote Originally Posted by OpportunityCost View Post
    bleh bleh bleh, look at the arlier post and outline which you would be for and against, I think it will be instructive.
    You know what makes this situation worse? You neocons wouldn't even consider using oil subsidies as a bargaining tool against Green Crap subsidies.

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    Re: Senate votes to protect oil company subsidies

    Quote Originally Posted by Matt Foley View Post
    You know what makes this situation worse? You neocons wouldn't even consider using oil subsidies as a bargaining tool against Green Crap subsidies.
    First off, dont call me a ****ing neocon. Im not.

    Secondly, go back to the post outlined ealier in the thread and put your money where your mouth is and outline your position beyond evil oil companies, yadda yadda. Youre long on rhetoric and short on concrete positions. Go for it, it will be enlightening.

    Third, the current crop of dems dont have the balls to put any subsidies on the table. Nor, I believe, do the current crop of Republicans.

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    Re: Senate votes to protect oil company subsidies

    Quote Originally Posted by OpportunityCost View Post
    First off, dont call me a ****ing neocon. Im not.

    Secondly, go back to the post outlined ealier in the thread and put your money where your mouth is and outline your position beyond evil oil companies, yadda yadda. Youre long on rhetoric and short on concrete positions. Go for it, it will be enlightening.

    Third, the current crop of dems dont have the balls to put any subsidies on the table. Nor, I believe, do the current crop of Republicans.
    And you neocons won't put oil subsidies on the table. We end up getting the worse of both worlds, thanks.

    You know there's a massive national debt, right?

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