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

Cold Highway

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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, as Washington continues to feel the heat over high gas prices.

Oil and gas producers are “gonna pay their fair share in taxes and they should,” Boehner told ABC News.


“I don't think the big oil companies need to have the oil depletion allowances. But for small, independent oil and gas producers — if they didn't have this — there'd be even less exploration in America than there is today.”

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
 
good post. why should we subsidize rapists?
 
Really oil companies do not need these subsidies at all. Certain businesses may need government loans to take off including agriculture but they should always have to pay it back.
 
Really oil companies do not need these subsidies at all. Certain businesses may need government loans to take off including agriculture but they should always have to pay it back.

No, no business needs tax payer cash to prop them up. If a start up business needs cash, its called a Bank.
 
good post. why should we subsidize rapists?

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 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

Tax breaks help businesses grow, throwing tax payer cash at them does not. Granted our tax system itself needs a serious overhaul.
 
Tax breaks help businesses grow, throwing tax payer cash at them does not. Granted our tax system itself needs a serious overhaul.

so a dollar in a tax break is not the same as another dollar? lol!!!
 
Government welfare to billion dollar making oil companies should be stopped.
 
Oil companies don't and you right, but perhaps we should look at the delivery system, out government. I get the feeling that these subsidies where foist upon these companies similar to the bank bailouts, you either take it or we bury you attitude, I could be wrong.

Although i do know if the government releases it's strangle hold on these companies and allows the drilling in North America, then the prices will come down. Now what the government can do is open thee territories to oil companies and in the mean time freeze the prices to a reasonable level, until the new oil discoveries are produced.
 
No, no business needs tax payer cash to prop them up. If a start up business needs cash, its called a Bank.

right.......and the sba guarantees some loans made by banks. i have no issues with that.
 
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
 
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?
 
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Without subsidization I fear we would see oil prices shoot up and a gold rush mentality enter into the oil market.
 
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.
 
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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?
 
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
 
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.
 
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'
 
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.
 
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.

Because that's populist ignorance. Raising taxes on companies that are shedding jobs in this country will only cause them to shed those jobs even more quickly.
 
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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

I wish we could find a single libertarian who has balls, and isn't on estrogen pills. I wish one would run and win, but I guess no one votes for people that merely engage in party bashing without offering solutions, beside legalizing pot.
 
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

Yea so the president wants to end the "subsidies" to and direct that money towards green energy.
I'd rather keep the oil subsidies, if that's the case.
 
I wish we could find a single libertarian who has balls, and isn't on estrogen pills. I wish one would run and win, but I guess no one votes for people that merely engage in party bashing without offering solutions, beside legalizing pot.

I wish your trolling ass could actually for once form an actual argument but I think Jesus will appear on earth before that will happen.
 
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

Oil companies don't actually get much in the way of real-live subsidies, but the ones they do get, I agree, should be cut off, right along with the subsidies to the green energy flops that try to pass themselves off as legitimate businesses.

However, I think farm subsidies should remain in place. If you like foreign oil, you're going to love foreign food.
 
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