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Republicans should allow the cut in subsidies to oli companies!

First, are you aware of what exactly the 'subsidies' are? You DO realize they are tax deductions for domestic producers/manufacturers that includes SEVERAL industries, including oil.

Secondly, you are aware that the ethanol blending subsidies, that have been in existance for 30 years, were allowed to sunset on 12/31/11 right? Also allowed to sunset were the import tarrifs of foreign produced ethanol. Both of these are claimed to have a $0.30 per gallon of gasoline. Where's the outrage for discharging these subsidies?
 
First, are you aware of what exactly the 'subsidies' are? You DO realize they are tax deductions for domestic producers/manufacturers that includes SEVERAL industries, including oil.

Secondly, you are aware that the ethanol blending subsidies, that have been in existance for 30 years, were allowed to sunset on 12/31/11 right? Also allowed to sunset were the import tarrifs of foreign produced ethanol. Both of these are claimed to have a $0.30 per gallon of gasoline. Where's the outrage for discharging these subsidies?

No, I dont think most people are aware of that. Obama probably is, but chooses to mislead people anyway.

For a more detailed explanation why oil and gas tax treatments are not unique or "subsidies," click here.

http://www.api.org/news-and-media/n...s-Tax-Treatments-Not-Subsidies_April2011.ashx
 
This thread makes my head hurt. We should do as little as possible from a legislative standpoint to ensure that we remain business friendly in a competitive world market. There's a balance there that I don't necessarily appreciate on principle but have to respect on practicality.

On a side note: the Ethanol movement has been a bit of a dud so far. The efficiency loss from using ethanol isn't made up for by the drop in price for E85 fuel. I don't support the use of any sort of government tax break or investment for an industry that isn't proving to be effective. Take it back to the R&D stage and apply for research grants. Forcing it onto the market in its current state doesn't make a lot of sense to me.
 
What I am saying is that Obama is pandering to the environmental wacko side of his base, they want to push renewable, non oil based fuels, well while we are finding them, drill, if we had when all this crap started we would be benefiting from it now.

So you disagree with his motives more than the results?

Do you want government subsidizing industry? Only certain industries? Do you want the government to subsidize gasoline they way they do in Venezuela? If you answer no to all of those questions, the whole premise of the thread goes out the window. If you answer yes to two of those questions, that is socialism, and the other one amounts to government picking winners and losers.

Go ahead, I can't wait to see how you try to weasel out of this.
 
This thread makes my head hurt. We should do as little as possible from a legislative standpoint to ensure that we remain business friendly in a competitive world market. There's a balance there that I don't necessarily appreciate on principle but have to respect on practicality.

On a side note: the Ethanol movement has been a bit of a dud so far. The efficiency loss from using ethanol isn't made up for by the drop in price for E85 fuel. I don't support the use of any sort of government tax break or investment for an industry that isn't proving to be effective. Take it back to the R&D stage and apply for research grants. Forcing it onto the market in its current state doesn't make a lot of sense to me.

I agree. The federal govt doesnt even have the power to regulate energy production. It can mess with taxes, but the ideal policy is to be hands off. Tax individuals, and not businesses. Other than administrative fees directly applicable to certain operations. Royalties, safety inspections, environmental controls, etc.
 
Heres the typical democrats solution to what they view as high oil prices:

Dems blame Wall Street for high gas prices, urge CFTC action - The Hill's E2-Wire

It is one of your primary duties — indeed, perhaps your most important — to ensure that the prices Americans pay for gasoline and heating oil are fair, and that the markets in which prices are discovered operate free from fraud, abuse and manipulation,” states the letter from lawmakers including Sens. Bernie Sanders (I-Vt.), Bill Nelson (D-Fla.) and Ron Wyden (D-Ore.) and Reps. Maurice Hinchey (D-N.Y.) and Louise Slaughter (D-N.Y.).
Find a convinient target who their base doesnt like, blame them, and then use the govt to artifically control prices in pursuit of 'fairness'.
 
Moderator's Warning:
Not specifically pertaining to the actual elections going on. Moved
 
And watch Obama go down in flames as oil companies pass the cost on to consumers, ruining our already weak economy, but hey then more Americans would be dependent on Uncle Obama, which is the goal. Seems I remember this President running on getting new, affordable, renewable energy, to the American people. We got Solyndra?

I would like to see subsidies for oil companies...as well as companies in all other industries...to end. But not because I want to see Obama go down in flames...even though I do want to see that, as well. I would also like to see tax rates go down.

You see, SP, motivations do matter. I don't like your motivations.
 
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