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BigD_95

(911 posts)

15. wouldnt it be smart

Thu Mar 1, 2012, 02:43 PM

Mar 2012

to ask congress to repeal the "unwarranted $4 billion in annual subsides handed out to oil and gas companies"

and then have a tax holiday of Federal taxes on the price of gas. Use the money saved not giving the gas companies tax breaks to use for the money lost at the pump?

Sounds like something the public would love.

Does anyone know how much we pay at the pump per gallon in federal taxes?

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Amid rising gas prices, Obama to call for vote on killing oil tax breaks [View all] cal04 Mar 2012 OP

Why shouldn't the most profitable industry in the history of the world pay their fair share of taxes fasttense Mar 2012 #1

Long commute CAPHAVOC Mar 2012 #2

So let the price at the pump go up. ArcticFox Mar 2012 #24

If you have to worry CAPHAVOC Mar 2012 #25

You've made some great points, oil companies should have to hire Blackwater to keep txlibdem Mar 2012 #41

Really the price at the pump would go up? How do you know? fasttense Mar 2012 #36

And these subsidies to fossil fuels make it that much harder for renewable energy to compete txlibdem Mar 2012 #3

Time to get rid of ALL Federal subsidies. CAPHAVOC Mar 2012 #38

After oil has enjoyed huge subsidies for over 100 years txlibdem Mar 2012 #40

will this help any at all? CountAllVotes Mar 2012 #4

it' not meant to lower prices bowens43 Mar 2012 #8

you mean no more? CountAllVotes Mar 2012 #9

Republicans are trying to blame high gas prices on Obama Incitatus Mar 2012 #29

Also, change Wall St. rules so oil/futures cannot be a speculative commodity ... Myrina Mar 2012 #5

I thought Dodd-Frank already did this txlibdem Mar 2012 #6

Either it didn't pass, hasn't been implemented, or ... Myrina Mar 2012 #43

Well, the Prez. just appointed someone to head the dept txlibdem Mar 2012 #44

Redistribution JJW Mar 2012 #7

Good. Do it now. Fearless Mar 2012 #10

Good move! flamingdem Mar 2012 #11

Interesting. sofa king Mar 2012 #12

Obama has been exciting me a lot these last couple of weeks Ishoutandscream2 Mar 2012 #13

I just hope he doesn't shift gears after he's reelected. polichick Mar 2012 #18

Me, too mvd Mar 2012 #20

I suspect that, once a new route is chosen, the admin. will back the pipeline... polichick Mar 2012 #21

I have a good feeling Control-Z Mar 2012 #27

Golly, maybe we could have done that three years ago. progressoid Mar 2012 #14

wouldnt it be smart BigD_95 Mar 2012 #15

18.4 cents per gallon in Federal taxes. progressoid Mar 2012 #16

there u go BigD_95 Mar 2012 #17

No friggin way. I don't drive and those taxes help - barely - to offset the damage burning oil grahamhgreen Mar 2012 #22

No they don't - they go to roads. The things that your food, clothing etc get delivered via dmallind Mar 2012 #31

Then, I think we do need to offset those costs by a healthy tax. grahamhgreen Mar 2012 #35

Why aren't Federal Taxes uniform across the states? MD20 Mar 2012 #39

The Map Shows "State" Taxes Fastcars Mar 2012 #42

I don't think it will happen davidthegnome Mar 2012 #19

Good! Kill the loopholes, THEN we can see about lowering the tax rates. grahamhgreen Mar 2012 #23

Honestly, do they ever? Control-Z Mar 2012 #26

Finally something libodem Mar 2012 #28

Good start eridani Mar 2012 #30

Long overdue tawadi Mar 2012 #32

When they give the consumers a break by supporting alternatives, give them subsidies. Not 'til then. freshwest Mar 2012 #33

Note to Obama: I havn't had gas under $4 a gal in years. Devil_Fish Mar 2012 #34

The prsident should have pushed this his first week in office when.... Hotler Mar 2012 #37

Bring back the Windfall Profits Tax Hugabear Mar 2012 #45

I wonder if the oil companies will protest? midnight Mar 2012 #46