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Obama says he would impose oil windfall profits tax
Yahoo ^

Posted on 06/09/2008 10:50:12 AM PDT by Sub-Driver

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To: mikey_hates_everything

Back in the day, one could always drive over to Canada and fill up a dual tank light truck and bring home 40 gal to fuel the little cars.


101 posted on 06/09/2008 2:27:21 PM PDT by Paladin2 (Huma for co-president!)
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To: thackney
Because raising taxes always reduces prices?

And increases supply at the same time!

102 posted on 06/09/2008 2:34:33 PM PDT by dearolddad (Like $5.00 + gas? Be sure to thank a democrap.)
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To: Sub-Driver

This tax will do nothing to soothe my pain at the pump. It’s a crock


103 posted on 06/09/2008 3:45:52 PM PDT by virgil
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To: Sub-Driver

How did this guy get out of A ball. His economic stupidity is breathtaking.


104 posted on 06/09/2008 3:49:01 PM PDT by jwalsh07 (El Nino is climate, La Nina is weather.)
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To: Sub-Driver

Obama, you asshat, let me repeat myself. COMPANIES DO NOT PAY TAXES! Taxes on companies get PASSED TO THE CONSUMER!!

Your stupidity is almost breathtaking.


105 posted on 06/09/2008 3:53:35 PM PDT by CougarGA7 (Wisdom comes with age, but sometimes age comes alone.)
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To: kdot

Punitive taxes are never really levied against a company.
They are levied against you and I and disguised as a tax on business.


106 posted on 06/09/2008 4:13:29 PM PDT by kempster
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To: LZ_Bayonet

“Oil company stocks, the only thing in my retirement fund that’s earning anything”

Oil company earnings are TERRIBLE.

They do not suck oil out of the ground. They buy it on the open market. Most oil’s original owner is governments. The oil companies have very little left.


107 posted on 06/09/2008 6:45:28 PM PDT by Sunnyflorida (Drill in the Gulf of Mexico/Anwar & we can join OPEC!!! || Write in Thomas Sowell for President.)
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To: 70th Division

“And the big secret is that Corporations do NOT pay taxes. They pass it on to,”

Not correct. Too simplistic.

“Everything should be made as simple as possible, but not simpler.” A Einstein.

http://www.sjsu.edu/faculty/watkins/taximpact.htm

http://en.wikipedia.org/wiki/Effect_of_taxes_and_subsidies_on_price


108 posted on 06/09/2008 6:50:31 PM PDT by Sunnyflorida (Drill in the Gulf of Mexico/Anwar & we can join OPEC!!! || Write in Thomas Sowell for President.)
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To: CougarGA7

COMPANIES DO NOT PAY TAXES! Taxes on companies get PASSED TO THE CONSUMER!!”

Not correct. Too simplistic.

“Everything should be made as simple as possible, but not simpler.” A Einstein.

http://www.sjsu.edu/faculty/watkins/taximpact.htm

http://en.wikipedia.org/wiki/Effect_of_taxes_and_subsidies_on_price


109 posted on 06/09/2008 6:54:41 PM PDT by Sunnyflorida (Drill in the Gulf of Mexico/Anwar & we can join OPEC!!! || Write in Thomas Sowell for President.)
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To: astounded

I was thinking the same thing - very, very disturbing.

I read that California will earn 5 billion in STATE taxes from fuel (at the current price per gallon) in 2003 CA made 2.1 billion. - this doesn’t even count for federal tax on gas. Government is the one who is making alot of money - and now Obama want more - and acts like it’s the gas companies who are greedy. It is obvious who is the greedy one.


110 posted on 06/09/2008 7:55:37 PM PDT by HollyB
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To: definitelynotaliberal

Now that would be impressive


111 posted on 06/09/2008 8:00:22 PM PDT by HollyB
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To: Sunnyflorida
Wikipedia is not a valid source for anything remotely related to politics. Taxation is very related to politics.

I think your other source may be OK, even though it's a university.

112 posted on 06/09/2008 8:03:38 PM PDT by an amused spectator (corruptissima republica, plurimae leges)
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