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Oil tax increase would help pay to clean up spills(Dems create another slush fund for envirowachos)
breitbart ^ | May 24 04:20 PM US/Eastern | STEPHEN OHLEMACHER

Posted on 05/25/2010 5:38:31 AM PDT by bestintxas

WASHINGTON (AP) - Responding to the massive BP oil spill, Congress is getting ready to quadruple—to 32 cents a barrel—a tax on oil used to help finance cleanups. The increase would raise nearly $11 billion over the next decade. The tax is levied on oil produced in the U.S. or imported from foreign countries. The revenue goes to a fund managed by the Coast Guard to help pay to clean up spills in waterways, such as the Gulf of Mexico.

The tax increase is part of a larger bill that has grown into a nearly $200 billion grab bag of unfinished business that lawmakers hope to complete before Memorial Day. The key provisions are a one-year extension of about 50 popular tax breaks that expired at the end of last year, and expanded unemployment benefits, including subsidies for health insurance, through the end of the year.

The House could vote on the bill as early as Tuesday. Senate leaders hope to complete work on it before Congress goes on a weeklong break next week.

Lawmakers want to increase the current 8-cent-a-barrel tax on oil to make sure there is enough money available to respond to oil spills. At least 6 million gallons of crude have spewed into the Gulf of Mexico since a drilling rig exploded April 20 off the Louisiana coast.

(Excerpt) Read more at breitbart.com ...


TOPICS: News/Current Events
KEYWORDS: energy; oil; spill
All this does is pass along more cost to the american consumer and give it to the friends of the libs.

I wonder why if some of the biggest spills are by tankers, the oil producers are the ones having to pony up? http://en.wikipedia.org/wiki/Oil_spill

1 posted on 05/25/2010 5:38:32 AM PDT by bestintxas
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To: bestintxas

Yeah, let’s not waste a crisis here!


2 posted on 05/25/2010 5:39:44 AM PDT by 668 - Neighbor of the Beast (STOP the Tyrananny State.)
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To: bestintxas

So much for the one making BP pay for it.


3 posted on 05/25/2010 5:39:46 AM PDT by dartuser ("Palin 2012 ... nothing else will do.")
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To: bestintxas

No need for an oil tax: BP should have to pay every last penny. Their stupidity caused it!


4 posted on 05/25/2010 5:40:10 AM PDT by ontap
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To: 668 - Neighbor of the Beast

Great Post!


5 posted on 05/25/2010 5:40:32 AM PDT by ontap
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To: bestintxas

But, I thought 0bama wouldn’t raise taxes on the middle class by one dime. (I guess he’s right - he’s not raising the taxes on them by ONE dime.)


6 posted on 05/25/2010 5:42:00 AM PDT by coloradan (The US has become a banana republic, except without the bananas - or the republic.)
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To: bestintxas

I thought they had a boot on the throat of BP and were going to make sure BP would pay every dime.

Why do we need a fund to pay for something someone else is paying for?


7 posted on 05/25/2010 5:42:09 AM PDT by cripplecreek (Remember the River Raisin! (look it up))
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To: bestintxas
Yet when asked by the Press why they are not taking over the oil spill clean up the O regime says "The Oil Companies are the only ones that have the equipment to deal with these spills".

So it is yet another massive waste of tax dollars on yet another Federal program that does NOTHING it is suppose to do.

8 posted on 05/25/2010 5:42:12 AM PDT by MNJohnnie (The problem with Socialism is eventually you run our of other peoples money. Lady Thatcher)
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To: cripplecreek

We already have a fund for cleanups.


9 posted on 05/25/2010 5:43:50 AM PDT by Sacajaweau (What)
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To: cripplecreek
Why do we need a fund to pay for something...

Sounds like someone might be hedging their bets on cap-n-tax.

10 posted on 05/25/2010 5:44:04 AM PDT by C210N (0bama, Making the world safe for Marxism)
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To: bestintxas

gee thought the oil company was paying for it.


11 posted on 05/25/2010 5:44:09 AM PDT by dalebert
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To: bestintxas
Fantastic idea! The economic recovery is shaky at best, may or may not even be occurring depending on who you talk to. Instability and stupidity in Europe is threatening to trash everyone's economies anew. Jobs are damn-hard to come by, businesses are being extremely cautious...

What do the socialist Democrats come up with? Lets add more taxes! Yeah, great, that'll help the economic recovery. But we need it for the oil spill they claim. No, that is why you don't spend all your money (and then some, no and then a lot more) on stupid socialist fluff programs that advance nothing but your Marxist agenda. Now the Country has no reserves for a rainy (oily) day. This is called poor planning, negligence, and just plain bad leadership: brought to you by the Democratic socialist party and their champion obama.

12 posted on 05/25/2010 5:48:37 AM PDT by ThunderSleeps (obama out now! I'll keep my money, my guns, and my freedom - you can keep the change.)
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To: bestintxas
Image and video hosting by TinyPic

View of Chicago after the "Great Fire" of 1871.

Imagine if President Grant said, "You can't douse any flames or help the victims until we complete our study of the situation."

13 posted on 05/25/2010 5:49:43 AM PDT by syriacus
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To: dalebert
gee thought the oil company was paying for it.

Exactly. BP pays for the spill, while the Obama Administration picks our pockets.

14 posted on 05/25/2010 5:51:23 AM PDT by syriacus
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To: bestintxas

The Left love crises. Every crisis is an opportunity to raise taxes, expand government and further the agenda.


15 posted on 05/25/2010 5:53:36 AM PDT by libh8er
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To: bestintxas

What happened to the .08 they’ve been collecting? I hate them.


16 posted on 05/25/2010 5:54:24 AM PDT by Flying right
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To: bestintxas

This is the perfect time to raises taxes. We have full employment, interest rates are reasonable, and the stock market is soaring above 14,000.

We’re rich and ought to be paying our fair share.


17 posted on 05/25/2010 5:55:57 AM PDT by Carley (WE CAN SEE NOVEMBER FROM OUR HOUSE)
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To: bestintxas

rat scam to steal more money


18 posted on 05/25/2010 5:57:16 AM PDT by Doogle (USAF.68-73..8th TFW Ubon Thailand..never store a threat you should have eliminated)
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To: bestintxas
This spill will cost the American taxpayers in excess of the 11 billion this tax will raise over the next decade. Count on it.
19 posted on 05/25/2010 5:58:43 AM PDT by Glenn (iamtheresistance.org)
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To: Glenn
This spill will cost the American taxpayers in excess of the 11 billion this tax will raise over the next decade.

If you think they will stop there I have some ocean front property...

20 posted on 05/25/2010 6:01:26 AM PDT by unixfox (Abolish Slavery, Repeal The 16th Amendment!)
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To: bestintxas

” NO MORE TAXES” !!

I now know how Sam Adams and the Sons of Liberty felt.


21 posted on 05/25/2010 6:04:43 AM PDT by Paige ("All that is necessary for the triumph of evil is that good men do nothing," Edmund Burke)
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To: cripplecreek

Has anybody in the administration called Haliburton? Under a previous administration , this is a problem the Vice President would have solved by now.


22 posted on 05/25/2010 6:06:22 AM PDT by Qout
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To: libh8er
To our UnCola Prez I say...
A shortYouTube Video -- "The UnCola Prez"


23 posted on 05/25/2010 6:11:29 AM PDT by BobP (The piss-stream media - Never to be watched again in my house)
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To: bestintxas

any hope of the 41 holding together on this?


24 posted on 05/25/2010 6:15:33 AM PDT by Buckeye McFrog
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To: bestintxas
The Coast Guard has ALWAYS had “instant” money to respond to spills. They make this sound like they just sit around and wait for money to act.

I does make for a sick “excuse” for why MaObama did not act for over 2 weeks, and they have used it to the hilt.

Now, they will OVER react to every drop or spill that hits the water, which will cost us taxpayers much much more than they claim here. They will buy new equipment and expand the agency and go on patrol for oil on the high seas. Against an industry that has had extremely few spills of this type. Especially offshore.

25 posted on 05/25/2010 6:16:05 AM PDT by PSYCHO-FREEP ( Give me Liberty, or give me an M-24A2!)
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