I think ending oil subsidies is actually a good idea. Though taxes ought to be lifted as well.
At this point I’ll even settle for nutjob Ron Paul to get rid of this menace!
Or cutting taxes on the people that buy the gas.
I filled up yesterday and there was a sticker telling me how much in taxes I pay for each gallon:
18.4 cents for Feds
35.3 cents for State
That’s a total of 53.7 cents for each gallon of gas! To the government!
And that doesn’t count the supply chain taxes which are built into the gallon of gasoline.
No Barry, the government takes gets plenty of my money and I really don’t appreciate it.
Id say the “$4 billion” in subsidies (tax breaks) to oil and gas netted us a bit more benefit. Unless of course those “subsidies” were wasted by Exxon BP etc in pursuing “alternative energy” schemes. The oil and gas companies are among some of the biggest investors in “green” energy.
They also comprise a big portion of the investments in the retirement pension funds of our esteemed unions.
Just let Charlie Brown obama yank away the football and see what happens to the economy.
Yes, Yes, Yes, cut all subsidies, add new taxes, hinder exploration in the US, so the gasoline prices at the pump are around $6 in November you flaming idiot.
“Obama the Blamer”. Truer words have never been spoken. The scumbag won’t take responsibility for anything. Much like his supporters.
That’s the problem with communists. The solution to every problem is ALWAYS to raise taxes. Communists are some greedy bass turds. They love money more than anything. They just don’t want to have to work for it when it’s easier to just steal it from somebody else.
Since when is a tax write off, a payment from the Fed, every year. Does that mean that getting a child credit or joint filing exemption, is the same as getting a check from the Government every year?
And does he really think the American people are that stoopid?! (Don't answer that........)
go ahead, take away the subsidies, they will pass the costs down to EVERYONE that buys gas and NOT just those of us who pay taxes.
What Obama deliberately forgets to say is that the oil companies have paid $42 billion per year taxes to the federal government.
So what has Washington done for us? Everything it can to stand in the way.
Oil companies already pay roughly twice their profits in taxes, take all of the risks, and reap rewards about half of soda pop manufacturers in terms of percent profit.
Apparently Dear Leader is unfamiliar with the economic fundamental that customers are the ones that ultimately pay the taxes assessed to corporations because they pass those costs on via their prices for goods and services. Idiot.
In the great scheme of Obama dealings—what is 4 Billion Dollars?
Compared to the trillions Obama is pissing away it’s nothing.
Not even one days spending. It would hardly keep the tank full on Air Force One and it’s subsidiary planes that fly Obama all around on his political fund raisers.
