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Thread: John Boehner: Oil companies should pay their 'fair share'

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    Re: John Boehner: Oil companies should pay their 'fair share'

    Quote Originally Posted by chevydriver1123 View Post
    Tax breaks help businesses grow, throwing tax payer cash at them does not. Granted our tax system itself needs a serious overhaul.
    I am 64 yrs old and I know that statement is bs...chevy corporate tax rates used to be almost double what they are today and they flourished in AMERICA not china and there were jobs for everyone in america.
    This cut corporate tax crap is just that...it does NOT work never has. Corporations dont pay squat for taxs as it is...you think GE is the only corp that pays zero taxs. If there were zero taxs on corporations and they could make another nickle by moving to Bhangladesh, then bhangladesh is where they would be....so many americans are stone cold brainwashed it amazes me

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    Re: John Boehner: Oil companies should pay their 'fair share'

    Quote Originally Posted by chevydriver1123 View Post
    No, no business needs tax payer cash to prop them up. If a start up business needs cash, its called a Bank.
    That's why they put interest on it. That way we make our money back simple as that.
    "We’re going to close the unproductive tax loopholes that allow some of the truly wealthy to avoid paying their fair share. In theory, some of those loopholes were understandable, but in practice they sometimes made it possible for millionaires to pay nothing, while a bus driver was paying ten percent of his salary, and that’s crazy." -Reagan

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    Re: John Boehner: Oil companies should pay their 'fair share'

    Quote Originally Posted by chevydriver1123 View Post
    If Boehner had any balls (which he doesnt) he should pursuit ending all subsidies and let every industry stand on their own two feet. Killing the welfare state includes corporate welfare as well. In addition ending their tax breaks will just make things worse. Its pathetic how every scumbag in DC (with the exception of one house member) turns to bull**** class warfare populism during tough times.

    John Boehner: Oil companies should pay their 'fair share' - Darren Goode - POLITICO.com
    One egregious type of special-interest spending is ‘‘corporate welfare’’ or business subsidies. The federal government spends about $90 billion annually on corporate welfare. That includes direct cash payments to businesses, such as subsidies to farmers and grants to automobile companies. It also includes indirect benefits, such as loans, research, and marketing support for businesses. A Cato Institute report in 2007 found that the federal government spends $92 billion annually on corporate welfare. Thus, Congress could provide every household in the nation with an $800 per year tax cut by ending corporate welfare.

    http://www.cato.org/pubs/handbook/hb111/hb111-26.pdf


    And cons worry about welfare babies getting too much milk, or seniors getting to many prescription pills, etc. Now if we cut that 92 billion tomorrow, does anyone think it would go/be shifted towards a program to help a US citizen?
    Last edited by shintao; 04-26-11 at 02:24 PM.
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    Re: John Boehner: Oil companies should pay their 'fair share'

    Without subsidization I fear we would see oil prices shoot up and a gold rush mentality enter into the oil market.

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    Re: John Boehner: Oil companies should pay their 'fair share'

    The estimated total government savings from eliminating these subsidies is projected to be $45 billion over 10 years. But, like the credit card companies have had their hands legislative spanked with eye-rolling reforms imposed, they've since created various other ways to "punish" consumers. I suspect the oil companies will do the same.
    Last edited by Removable Mind; 04-26-11 at 03:10 PM.

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    Re: John Boehner: Oil companies should pay their 'fair share'

    Quote Originally Posted by CriticalThought View Post
    Without subsidization I fear we would see oil prices shoot up and a gold rush mentality enter into the oil market.
    Competition brings prices down. What are you talking about?

    Who shall ascend the hill of the Lord? And who shall stand in his holy place? He who has clean hands and a pure heart, who does not lift up his soul to what is false, and does not swear deceitfully. Psalm 24
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    Re: John Boehner: Oil companies should pay their 'fair share'

    Quote Originally Posted by CriticalThought View Post
    Without subsidization I fear we would see oil prices shoot up and a gold rush mentality enter into the oil market.
    That is a false hypothese, because gasoline has increased with subsidies, while foreign countries without subsidies are selling gas for what it is actually worth.

    Panama Panama City $2.19
    Russia Moscow $2.10
    Puerto Rico San Juan $1.74
    Saudi Arabia Riyadh $0.91
    Kuwait Kuwait City $0.78
    Egypt Cairo $0.65
    Nigeria Lagos $0.38
    Venezuela Caracas $0.12
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    Re: John Boehner: Oil companies should pay their 'fair share'

    House Speaker John Boehner says he’s open to calls from the White House to curb some of the $4 billion in oil and gas subsidies and tax incentives
    How big of him.

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    Re: John Boehner: Oil companies should pay their 'fair share'

    Quote Originally Posted by chevydriver1123 View Post
    If Boehner had any balls (which he doesnt) he should pursuit ending all subsidies and let every industry stand on their own two feet. Killing the welfare state includes corporate welfare as well. In addition ending their tax breaks will just make things worse. Its pathetic how every scumbag in DC (with the exception of one house member) turns to bull**** class warfare populism during tough times.

    John Boehner: Oil companies should pay their 'fair share' - Darren Goode - POLITICO.com
    You make a fair and excellent point... I wonder if Obama will try to do something about it since Boehner wont'

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    Re: John Boehner: Oil companies should pay their 'fair share'

    Quote Originally Posted by lpast View Post
    I agree except boehner was never for ending them before and neither was the rest of the GOP...they are spouting it now because big oil would rather have the guaranteed corporate tax cuts than shaky subidies that are alot harder to get rid of...This is all smoke and BS by the teaparty
    I remember on some TP You Decide website, a bunch of people voted "end corp tax cuts for companies that ship jobs overseas" and Boehner and the rest of the TP conveniently ignored it when they started to campaign.

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