15th District state Senate race: Two candidates back oil fee to boo...

California should implement an oil-extraction fee to help solve some of its budget problems, including a shortfall in education spending, two of three candidates running for the local state Senate seat said Monday night. Full Story
Felton Resident

United States

#1 Jul 27, 2010
Tax, tax, tax. It all gets passed onto the consumer. Cut the politicians!
disabuser

Vallejo, CA

#3 Jul 27, 2010
Felton Resident wrote:
Tax, tax, tax. It all gets passed onto the consumer. Cut the politicians!
Actually an oil extraction tax in California would have virtually no effect on the price of oil as California produces only a tiny share of the oil in the global oil market that determines prices. However support for a tax and opposition to much of the activity to be taxed seems a bit contradictory. I understand how the gulf disaster would make people leery of ocean drilling but extreme depth drilling is very different from the kind of drilling being contemplated in California.
Elias

Brentwood, CA

#4 Jul 27, 2010
Poor John Laird, math was never his strong suit:

"Laird stood alone in advocating that the state approve its budget by a simple majority of legislators rather than the current two-thirds. "People think we have majority rule in California; we don't: we have minority rule" with one-third of the legislators stopping legislation, he said."
Math genius

San Francisco, CA

#5 Jul 27, 2010
Elias wrote:
Poor John Laird, math was never his strong suit:
"Laird stood alone in advocating that the state approve its budget by a simple majority of legislators rather than the current two-thirds. "People think we have majority rule in California; we don't: we have minority rule" with one-third of the legislators stopping legislation, he said."
Laird is actually right on this one Elias. When a third of the legislature holds the power to stop the majority from making a decision, that would be minority rule.
Sam

Santa Maria, CA

#6 Jul 27, 2010
The price of THAT oil will go up by THAT amount of tax. If THAT oil is not sold because of the tax making it to high to compete WE lose the other tax revenues and income tax and other taxes that we receive on THAT oil now. Trying to "lose" the effect of the tax by bringing in all of the oil produced everyplace will not stop US from losing money overall because of the one new tax.

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