15th District state Senate race: Two candidates back oil fee to boo...
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#1 Jul 27, 2010
Tax, tax, tax. It all gets passed onto the consumer. Cut the politicians!
#3 Jul 27, 2010
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.
#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."
#5 Jul 27, 2010
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.
#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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