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Thread: Senate Attempt To Eliminate Big Oil Subsidies Defeated

  1. #71
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    Re: Senate Attempt To Eliminate Big Oil Subsidies Defeated

    Quote Originally Posted by ptif219 View Post
    Nice spin but I am not making Billions a quarter and complaining it is not enough I need subsidies besides. That to me is pure greed and they are showing what assholes they are and they do not care if people can not afford their over priced products.
    of course the government demanding companies pay double taxes is not greed and demonizing big oil and singling them out for such nonsense is not greed or pandering to people like you?



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    Re: Senate Attempt To Eliminate Big Oil Subsidies Defeated

    Quote Originally Posted by TurtleDude View Post
    so your solution-as a conservative-is to take that money away from the stockholders (which includes PENSION PLANS, 401K plans etc, Union retirement plans, etc) and give it to the GOVERNMENT.

    wow that is some stunning logic on your part

    and if you think that will reduce a CEO's salary you prove you know even less about that subject than you understand corporate taxes
    These are obscene profits Exxon of course says it is speculaters fault. So why do they not ignore speculaters and charge according to the profit they need?

    ExxonMobil CEO Says Oil Price Should Be $60 To $70 A Barrel - Robert Lenzner - StreetTalk - Forbes

    Rex Tillerson, the boss of ExxonMobil admitted last week that the price of oil–based purely on supply and demand- should be in the $60 to $70 a barrel range. The reason it’s above $100 a barrel, Tillerson explained, is due to the oil majors using futures contracts to lock in current high prices, and speculation that is engineered by the high-frequency trading of quantitative hedge funds.

    That was just one of the stunning revelations made during the Senate hearing on tax subsidies to the oil industry– which featured the 6 most powerful CEOs– BP, Shell, Chevron, Conoco-Phillips and Exxon-Mobil– all sitting like ducks in a row giving the stiff-arm to pressing unfriendly inquiries from a host of Democratic Senators.

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    Re: Senate Attempt To Eliminate Big Oil Subsidies Defeated

    Quote Originally Posted by ptif219 View Post
    It is not about profits. It is about tax money give aways. If Wal Mart gets subsidies than stop those too. As I said stop all tax money give aways. Subsidies all subsidies and stop funding organizations like PBS,NPR,Planned Parenthood ETC.
    What "subsidy" is "big oil" receiving other than the same tax break everyone else gets on FOREIGN profits... I do not pay U.S. tax on my Taiwan-earned income... This is what we are talking about here... the Dems in the Senate now want to tax foreign earned income ONLY for oil companies...
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    Re: Senate Attempt To Eliminate Big Oil Subsidies Defeated

    Quote Originally Posted by ptif219 View Post
    Why do profit margins matter when they are making billions every 3 months in profits. The few millions they get in subsidies should mean little to them.
    What 'subsidies' are they receiving???
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    Re: Senate Attempt To Eliminate Big Oil Subsidies Defeated

    Quote Originally Posted by TurtleDude View Post
    of course the government demanding companies pay double taxes is not greed and demonizing big oil and singling them out for such nonsense is not greed or pandering to people like you?
    So take the government to court. If it is not fair the huge big oil lobbyist should be able to get unfair tax laws changed. This sonds like either some one is lying or the government needs to change tax laws.

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    Re: Senate Attempt To Eliminate Big Oil Subsidies Defeated

    Quote Originally Posted by ptif219 View Post
    So take the government to court. If it is not fair the huge big oil lobbyist should be able to get unfair tax laws changed. This sonds like either some one is lying or the government needs to change tax laws.
    What is unfair about NOT paying tax on foreign-earned income that you paid tax on in the country it was earned in? I pay income tax on my TAIWAN-earned income in TAIWAN and on my U.S. earned income in the U.S.
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    Re: Senate Attempt To Eliminate Big Oil Subsidies Defeated

    Quote Originally Posted by ptif219 View Post
    So take the government to court. If it is not fair the huge big oil lobbyist should be able to get unfair tax laws changed. This sonds like either some one is lying or the government needs to change tax laws.
    this is getting really stupid. dem senators are pandering to the ignorant who think its the oil companies who are responsible for high oil prices alone and these scumbag dem senators are acting as if these high prices can be cured by increasing costs on these companies

    sadly lots of people who claim to be conservatives buy into this populist psychobabble because they are mad that they have to pay higher prices

    you really don't like the free market do you? and you are going to love the government driving up the cost of gas even more because a bunch of dishonest asswipes in the senate are pandering to people like you



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    Re: Senate Attempt To Eliminate Big Oil Subsidies Defeated

    Quote Originally Posted by ludahai View Post
    What "subsidy" is "big oil" receiving other than the same tax break everyone else gets on FOREIGN profits... I do not pay U.S. tax on my Taiwan-earned income... This is what we are talking about here... the Dems in the Senate now want to tax foreign earned income ONLY for oil companies...

    Why then is not called a tax break? I say stop the subsidies and fix the problems in the tax laws. This to me seems that there is a lot of lying and BS going on. I still don't understan a company making Billions complaining about a few million. That to me shows greed. If they lose subsidies they lose what may be 5% of their profit if that.

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    Re: Senate Attempt To Eliminate Big Oil Subsidies Defeated

    Quote Originally Posted by ludahai View Post
    Ummm... look at the post above yours...
    which has exactly what to do with Turtle failing to back up any of his pontifications?
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    Re: Senate Attempt To Eliminate Big Oil Subsidies Defeated

    Quote Originally Posted by haymarket View Post
    which has exactly what to do with Turtle failing to back up any of his pontifications?
    how is your post relevant to the subject?



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