40-cent-per-gallon gasoline tax increase urged by federal panel

The Houston Chronicle ^ | Jan. 15, 2008 | RAD SALLEE

[Uri’el-2012]

i believe this tax would cause inflation and stagnation.

[purpleraine]

The author thought we could double the corn. Also he mentions other ag products and biomass.

According to guru Al Gore, we'll be farming in Greenland and Northern Canada again soon.

[oh8eleven]

If Harry Reid has anything to do with this guy, then you know this panel was stacked.
There's more:
Frank McArdle ... recently been appointed at the suggestion of Senator Hilary Clinton
Busalacchi ... formerly the secretary-treasurer of Teamsters Local 200 based in Milwaukee
Mr. Heminger ... appointed by House Speaker Nancy Pelosi

[oh8eleven]

At the rate we are going, eventually they'll be taking 75 percent of our income in taxes and fees.
The goal is 100% - don't forget the "free" health care.

[thackney]

Americans currently use about 320 billion gallons of petro per year.

You number is too large. The US used approximately 9.3 million barrels per day in the past year. That equals 143 billion gallons per year ( 9.3M x 42 x 365 )

U.S. Finished Motor Gasoline Product Supplied
http://tonto.eia.doe.gov/dnav/pet/hist/mgfupus2M.htm

[dearolddad]

Ain’t gonna be no grease for this one.

Then they should supply birth control pills. ( at my age I'd sure hate to come up pregnant)

[RockinRight]

I’m at a loss for words...wait, no I’m not:

F*** You!!! (not you, but those proposing this...)

[Myrddin]

According to guru Al Gore, we'll be farming in Greenland and Northern Canada again soon.

It's +2.3 F in my side yard right now. I had to stop a couple times while driving my son to work to put deicing spray on my windshield so I could see to drive safely. I'm way down south in Pocatello, ID. It's much colder in Canada and Greenland. The more likely scenario is food shortages from short growing seasons (too cold) or too dry. The morning ag report indicates that the snow pack has caught up to normal, so it might be a better year for the farmers. I'm seeing a few fields of corn around here for ethanol. Most people are still planting potatoes.

[dragnet2]

I seem to recall reading about a bloody American revolution against the ruling class government elite...

Soon they'll be taking 75 percent of our income...100 percent can't be far behind.

[gopheraj]

Tax the friggin’ oil companies, not the people.

[thackney]

Where do you think the money to pay any tax by any business comes from? It is included in the price of the product they sell.

ExxonMobil made $39.5 billion in profits last year.
They also paid $97.5 billion in taxes.

Sales-based taxes - $30.381B
Other taxes and duties - $39.203B
Income taxes - $27.902B

ExxonMobil’s 2006 Financial and Operating Review
http://exxonmobil.com/Corporate/Files/Corporate/fo_2006.pdf
Page 22

- - - - - -

ConocoPhillips 2006
Net Income $15.5 billion
Taxes $31.0 billion

Income taxes $ 12.783B
Taxes other than income taxes $ 18.187B

ConocoPhillips 2006 Annual Report
Consolidated Income Statement
http://www.conocophillips.com/NR/rdonlyres/CA84868B-CB7C-4A44-BB60-AD5EFF254023/0/64_67.pdf

- - - - - -

Chevron
Income $3.8 Billion
Taxes $8.4 Billion

Taxes other than on income $ 5.533B
Income Tax $ 2.859B

CHEVRON CORPORATION 2006 ANNUAL REPORT
http://investor.chevron.com/phoenix.zhtml?c=130102&p=irol-reportsAnnual
page 48