Law-Forums.org

[mace]

simple, its all in this GOP strategy memo:

http://1.bp.blogspot.com/-KyLMoWwuoHo/TVSMocBXe9I/AAAAAAAAA_I/vsIDSqqDCMs/s320/potkettle.gif

[chadburne48]

You're right. End oil subsidies. Pay $8 for a gallon of gas. See what happens to the price of EVERYTHING that has to be shipped to your grocery store shelf or your clothing racks. See how you get to work every day when they pay you half of what you need just to fill your car with gas, to say nothing of your other bills. You can also watch what happens to already jacked-up medical prices once petrolium-based medical products see that kind of price increase.

End farm subsidies too, by God. Down with Willie Nelson!

Yutz.

[parnell]

You're right. End oil subsidies. Pay $8 for a gallon of gas. See what happens to the price of EVERYTHING that has to be shipped to your grocery store shelf or your clothing racks. See how you get to work every day when they pay you half of what you need just to fill your car with gas, to say nothing of your other bills. You can also watch what happens to already jacked-up medical prices once petrolium-based medical products see that kind of price increase.

End farm subsidies too, by God. Down with Willie Nelson!

Yutz.

I really hate when people misuse the definition of the word "subsidy" due to a political agenda. Intangible Drilling Costs, Domestic Manufacturers Deduction, & Percentage Depletion are NOT subsidies (ie direct payments from the government).

On the other hand, things like Ethanol production does receive direct payments from the government.

[taillefer]

You're right. End oil subsidies. Pay $8 for a gallon of gas. See what happens to the price of EVERYTHING that has to be shipped to your grocery store shelf or your clothing racks. See how you get to work every day when they pay you half of what you need just to fill your car with gas, to say nothing of your other bills. You can also watch what happens to already jacked-up medical prices once petrolium-based medical products see that kind of price increase.

End farm subsidies too, by God. Down with Willie Nelson!

Yutz.

I really hate when people misuse the definition of the word "subsidy" due to a political agenda. Intangible Drilling Costs, Domestic Manufacturers Deduction, & Percentage Depletion are NOT subsidies (ie direct payments from the government).

On the other hand, things like Ethanol production does receive direct payments from the government.

I am a Conservative who believes in a true free market. Oil companies should not get tax payers money. It is a form of welfare.

[danil70]

end it for them all. it is just a tax break that gm, ford and almost every other business in the country gets. apple and microsoft get them. end them all.

[troyes]

That is Hussein's plan, to drive the price up so he can implement his green sh8t, that is nowhere near feasible usage or development at this time. If he would lift the ban off the drilling we would not have to pay these high prices. There is enough oil under our own domestic soil to last for over 100 years., which gives the industry a good amount of time to develop these other resources. In the mean time Mr. B is just intentionally making it rough on all americans. O has to Go

[abelard29]

It's really simple - because their conservative politicians and pundits have convinced them that poor people are lazy/evil/criminals and that super wealthy folks are blessed and gifted. That's how they justify it. They also portray millionnaires to be poor victims.

[ricard83]

subsidies are for their donors (big oil)

medicare and social security are for the middle class

[salvadore94]

Ahem, you and the ones thinking "subsidies" and cheap oil miss exaactly what this is being debated in DC. Obama purposely used the term subsidies to deflect. Being we all know subsidies for farmers helps keep market cost down. It is a form of aide. With the thinking that these are subsidies? I can undertstand the confusion. Because Obama was clear. But, not all truthful.

What he wants ended are the common expense TAX WRITE OFFS all industries tend to have here. For investing in new equipment, employees and risk capital. Oil's tax write off (RE: Obama--"subsidies") is not the size of a write off a GE or GM or ATT or even American Airlines. A few billion. Now, as a whole, BIG EVIL OIL pays more in taxes than it profits. So, when ObamaInc whines angrily about all those EVIL profits? Remind yourself that Oil likely paid 25% more than net profit in taxes. So, ending the so called subsidies will only INCREASE the already over proportionate tax burden on Oil.

Ending the tax write offs will reduce the investment in new growth in production, drilling and local oil supplies. Which suites Obama Inc perfectly fine. We'll just continue to buy world oil at high stakes prices. Like they care? Even at $10 per gallon it would not affect the Liberal Elite. Being WE pay for it. They don't even touch a gas pump nozzle. Nor even see a gas station. That luxo armored vehicle is fueled and ready 24/7 for their election campaigns. By servants.

Keeping the tax write offs may not gain one drop of new oil. BUT, doing so WILL maintain our current level. Our nose above water.