Democrats offer bill to curb Big Oil's tax benefits

Feb 13, 2013 | Posted by: roboblogger | Full story: Reuters

Senate Democrats on Wednesday introduced a bill to eliminate billions of dollars in tax benefits enjoyed by big oil and gas companies, one day after President Barack Obama renewed his call for plugging tax loopholes in his State of the Union address.

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Far Away

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#22
Feb 14, 2013
 

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WeTheSheeple wrote:
<quoted text>
Which means they don't need additional taxpayer welfare.
Are you aware that a great deal of oil company profits are paid out in dividends to stockholders, much of it in middle-class Americans' 401(k)'s and other retirement plans, including unions?

Since: Oct 08

Alpharetta, GA

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#23
Feb 14, 2013
 

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Far Away wrote:
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Are you aware that a great deal of oil company profits are paid out in dividends to stockholders, much of it in middle-class Americans' 401(k)'s and other retirement plans, including unions?
Al Gore must be aware, he sold out to an oil company....thereby throwing his former fellow huggers under the bus

“Headed toward the cliff”

Since: Nov 07

Tawas City, Michigan

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#24
Feb 14, 2013
 
Far Away wrote:
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This is one of the big lies. You--and the rest of the ignorant masses--seem to believe that the government is sending checks from the government to oil companies when, in fact, these so-called subsidies are monies the government never had. IT'S A BIG LIE; it isn't any more welfare than your home mortgage interest deduction, which is money the government never had, either.
And the home mortgage welfare deduction needs to go away as well.

They are getting out of paying taxes they would normally have to pay without those special deductions.

Guess who has to make up for that? The rest of us.

“Headed toward the cliff”

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Tawas City, Michigan

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#25
Feb 14, 2013
 

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Far Away wrote:
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Are you aware that a great deal of oil company profits are paid out in dividends to stockholders, much of it in middle-class Americans' 401(k)'s and other retirement plans, including unions?
Yes, I get dividends every month from one of my oil or gas stocks.

That's just more proof they are so profitable they don't need any taxpayer welfare.

“Forever Is Promised To No One”

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#26
Feb 14, 2013
 

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WeTheSheeple wrote:
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Which means they don't need additional taxpayer welfare.
Fine with me. Stop all welfare while we are at it. Course then the real battle for the blights begans. Without slums, Jarrett would go broke.

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#27
Feb 14, 2013
 

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WeTheSheeple wrote:
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And the home mortgage welfare deduction needs to go away as well.
They are getting out of paying taxes they would normally have to pay without those special deductions.
Guess who has to make up for that? The rest of us.
Why didn't Obama spend time on the tax code instead of a year of coersion for ObamaScare.
conservative crapola

Reading, PA

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#28
Feb 14, 2013
 

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au contraire wrote:
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When will hypocrit teabaggers offer a bill pledging that their red states won't accept $1. more than the amount in tax they sent to DC? Okiehomo grabs $1.64 for every $1. they send. So, while guys like coburn prance around outraged at spending, he continues to get his palms greased at taxpayers expense.

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#29
Feb 14, 2013
 
au contraire wrote:
<quoted text>Why didn't Obama spend time on the tax code instead of a year of coersion for ObamaScare.
Because the healthcare reform was more important at the time.

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#30
Feb 14, 2013
 

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conservative crapola wrote:
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When will hypocrit teabaggers offer a bill pledging that their red states won't accept $1. more than the amount in tax they sent to DC? Okiehomo grabs $1.64 for every $1. they send. So, while guys like coburn prance around outraged at spending, he continues to get his palms greased at taxpayers expense.
When will the Blue states quit giving american jobs to illegals and paying others to set on their ass.
conservative crapola

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#31
Feb 14, 2013
 

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au contraire wrote:
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Deflection noted, pookster. Afraid of losing your candy?

hahahahahahahahahahaha

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#32
Feb 14, 2013
 

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conservative crapola wrote:
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Deflection noted, pookster. Afraid of losing your candy?
hahahahahahahahahahaha
Well, ask your boy Obama or Geitner. They are the ones controlling the tax revenues.

“REPEAL OBAMA'S DEFERRED ACTION”

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#33
Feb 14, 2013
 

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How about we tax them to death until they go bankrupt then we can all live by candlelit and take cold showers every night.

WOOHOO, thanks Obama!!

“Forever Is Promised To No One”

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#35
Feb 14, 2013
 
WeTheSheeple wrote:
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Who cares? They still make hundreds of billions in profit every year. There is no reason for the taxpayer further subsidizing them. They already screw us over at the pump every day.
If you don't like companies that make a profit and create jobs, I suggest you move to North Korea or Cuba. They welcome american traitors they can use for propaganda.

“Voters elect Big Bird”

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#36
Feb 14, 2013
 
celticwarriors wrote:
Make all the Kochsuckers pay aLL the taxes they owe with no loopholes. Pay for climate destruction, too!
Prsonally,I'm waiting for the demoncraps to propose curbing big welfare's entitlement benifits......

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#37
Feb 14, 2013
 
tha Professor wrote:
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Why do Republicans give away our tax dollars to the most profitable companies on Earth, then whine that we'll "hurt" them if we take away some of their tax breaks?
You love corporate welfare, don't you bitches?:)
Why does Obama give our tax dollars to the least likely (green_?_energy) companies to succeed,then deny any political donation ties to his campaign? You love crony capitalism,don't you sh1theel?

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#38
Feb 14, 2013
 
tha Professor wrote:
let's see if the GOPee will fight this one to protect their wealthy Big Energy buddies...and what that would do to further damage their election chances!
Heh...good move by Dems. These filthy rich scum should NEVER get any kind of tax break.
Wonder how Obama is gonna spin his justification for giving even MORE tax dollars to his green energy political cronies to set up front companies and rob the funds to line their collective pockets? The House must insure that Obama corruption is halted by denying ANY funding he directs to ANY "green" energy company he denotes.

“REPEAL OBAMA'S DEFERRED ACTION”

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#39
Feb 14, 2013
 
An attack on BigOil is an attack on our economy...America cannot survive without BigOil and the contributions it makes which is why Obama hates them.

“Headed toward the cliff”

Since: Nov 07

Tawas City, Michigan

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#40
Feb 14, 2013
 
au contraire wrote:
<quoted text>If you don't like companies that make a profit and create jobs, I suggest you move to North Korea or Cuba. They welcome american traitors they can use for propaganda.
I have no problem with them making a profit and creating jobs; in fact I've make thousands in profits off their stock.

That said, they shouldn't be getting taxpayer welfare.

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#41
Feb 14, 2013
 
okimar wrote:
<quoted text>Prsonally,I'm waiting for the demoncraps to propose curbing big welfare's entitlement benifits......
The Dems ARE trying to get rid of the big welfare entitlement payments to Big Pharma, Big Oil, and Big Coal, but the GOPasaurs keep fighting them.

“Headed toward the cliff”

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#42
Feb 14, 2013
 

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American_Infidel wrote:
How about we tax them to death until they go bankrupt then we can all live by candlelit and take cold showers every night.
WOOHOO, thanks Obama!!
Wow, you're quite the drama queen for someone who's so anti-gay.

Who ever said they wanted to bankrupt the oil & gas companies?

We just expect them to pay their fair share of taxes instead of taking more taxpayer financed welfare.

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