Posted on 12/03/2014 12:14:10 PM PST by jyro
I can't think of a tax I have even been for so this is new ground for me. Think about a tax on imported oil. Discuss.
How will this help?
get the price up for domestic oil. less money for OPEC
I think what you are thinking of is a tariff.
Generally tariffs are done in order to protect domestic goods and make them more appealing to be bought b/c the tariff cost has to then be added onto the foreign product.
If you can somehow show how this will benefit Americans at the pump I’d be for it. With a product like oil, given how much some of the domestic oil costs to produce, I’d really like to see how someone can show how a tariff would benefit the American consumer.
Also a good time to start phasing out ethanol in gasoline.
A tax or tariff on imported oil would give an incentive to domestic producers to drill for oil in the US, thus moving us to energy security. HOWEVER, the tariff proceeds should be returned to the consumers through tax cuts, or gasoline price subsidies, and NOT go to the Federal government to be WASTED.
Not unless they stop putting corn in my gasoline.
The devil is in the details.
How much of a tax?
What exactly is to be taxed? Crude or refined products that get sold?
Who pays the tax? US business that purchase the oil is the most likely answer as it would be very difficult to tax companies not operating in the US.
Would this apply to oil sands as well?
import tax...
an unearned windfall for domestic oil producers.
a better idea is an export tax.
Obama would waste every penny, and steal more. Not until he is gone.
Really bad idea.
Why do you want to make the US refining and petrochemical industry more expensive than the rest of the world?
Because taxes are always good.
Because we haven’t pissed off Canada enough, yet?
It would remove pricing control from OPEC. Yes A tariff.
No, it wouldn't.
That is a much better idea. Just get rid of ethanol.
I believe most of our imported oil is from Canada.
More taxes is a really stupid idea - sorry. Why should I give government even more tax revenue so they can waste it on crap?
I would like to replace all income taxes with tariffs and an modest NRST.
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