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Hugabear

(10,340 posts)

45. Bring back the Windfall Profits Tax

Reply to cal04 (Original post)

Mon Mar 5, 2012, 02:42 PM

Mar 2012

Time to go after all those oil industry windfall profits.

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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