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Barack Obama urges end to tax subsidies for Big Oil
Politico ^ | 4/30/11 | MJ LEE

Posted on 04/30/2011 3:00:26 PM PDT by ColdOne

“When oil companies are making huge profits and you’re struggling at the pump, and we’re scouring the federal budget for spending we can afford to do without, these tax giveaways aren’t right,” Obama said Saturday. “They aren’t

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


TOPICS: News/Current Events
KEYWORDS: commie; commiebastard; communist; marxist; reddiaper

1 posted on 04/30/2011 3:00:28 PM PDT by ColdOne
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To: All
“They aren’t smart. And we need to end them.”
2 posted on 04/30/2011 3:02:14 PM PDT by ColdOne (I miss my poochie... Tasha 2000~3/14/11)
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To: ColdOne

You see, all money belongs to the government, so when oil companies, or anybody else, gets a tax break, it’s like stealing from Uncle Sam. Get it? Property rights are so outdated.

All our money are belong to us.


3 posted on 04/30/2011 3:02:50 PM PDT by Pining_4_TX
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To: ColdOne

The only way to beat these people is to call their bet and raise.


4 posted on 04/30/2011 3:06:20 PM PDT by screaminsunshine (Shut up and eat your Beans!)
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To: ColdOne
Are you going to end them for everyone? I notice that Obama got 'subsidies' when he filed his tax return. Are we ending those subsidies too? Boeing just spent $2 billion of its own money to build a new plant. When they try to depreciate the cost of that plant (over several years), are the leftists going to decry the 'subsidies' that Boeing is receiving?

This whole "subsidies for oil companies' rhetoric is all a big lie.

5 posted on 04/30/2011 3:08:41 PM PDT by Hoodat (Yet in all these things we are more than conquerors through Him who loved us. - (Rom 8:37))
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To: Pining_4_TX

When oil companies are making huge profits and you’re struggling at the pump, and we’re scouring the federal budget for spending we can afford to do without, these tax giveaways aren’t right,” Obama said Saturday. “They aren’t
...........................................................

May I please ask how taking away subsidies from oil companies is going to help our struggle at the pump?

Actually it will make it worse because the oil companies will simply raise the price.

But that isn’t the point and Obama knows it.

If the Government takes away those subsidies they will not go back into the Treasury. Obama will spend them buying windmills. But he doesn’t think we are smart enough to figure that out.


6 posted on 04/30/2011 3:09:28 PM PDT by Venturer
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To: screaminsunshine
The only way to beat these people is to call their bet and raise.

Yep!

First we need to find someone with the cajones for poker.

7 posted on 04/30/2011 3:09:31 PM PDT by EGPWS (Trust in God, question everyone else)
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To: ColdOne

Barry - It is not YOUR money .
It does not belong to the government
You tax them and our costs will go up.
Shut up and go away...........


8 posted on 04/30/2011 3:10:06 PM PDT by SECURE AMERICA
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To: EGPWS

Hey. Good luck. This crop of GOP is like flogging themselves.


9 posted on 04/30/2011 3:11:17 PM PDT by screaminsunshine (Shut up and eat your Beans!)
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To: ColdOne

Well, that’ll cause $7/gallon gasoline or nothing will.


10 posted on 04/30/2011 3:11:31 PM PDT by 2ndDivisionVet (A thorough knowledge of the Bible is worth more than a college education. TR)
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To: Venturer

I’m sorry to say that there are many people who buy this nonsense. They think that “big oil” and speculators are driving up the price of oil. I wonder where these people go when the price of oil drops? The lack of understanding of even the basics of economics is frightening.


11 posted on 04/30/2011 3:13:06 PM PDT by Pining_4_TX
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To: Hoodat

Try explaining that to the illinformed voters.
‘end subsidies’ sounds good to the untrained ear. If the Obama administration tries to end these legitimate business expenses ONLY for the oil companies, will it hold up in court?


12 posted on 04/30/2011 3:13:07 PM PDT by griswold3 (Character is destiny)
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To: ColdOne

Don’t you have to have Production before you have subsidies?


13 posted on 04/30/2011 3:13:18 PM PDT by 4Liberty (88% of Americans are NON-UNION. We value honest, peaceful Free trade-NOT protectionist CARTELS)
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To: ColdOne
“Drill Barry Drill!!!

Just say we will you big dummy and the price will drop by half tomorrow.

14 posted on 04/30/2011 3:15:46 PM PDT by Happy Rain (WOLF3ABM581)
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To: Pining_4_TX

Guess Uncle Sam missed the correlation between the falling dollar and the rise in gasoline prices....gas isn’t more expensive,just that the dollar is approaching toilet paper value. Thank you O Great One (and your side-kick, Fed Chief Beanie).


15 posted on 04/30/2011 3:17:22 PM PDT by yadent
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To: ColdOne

We need to end Government subsidies at the pump and elsewhere.

Tax REVOLUTION!


16 posted on 04/30/2011 3:19:58 PM PDT by FreeAtlanta (Obama and the left are making a mockery of our country.)
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To: ColdOne

The American public isn’t keen enough to know the difference between 1 ply and 2 ply right now, let alone the diff between a low tax rate and a subsidy.

One wonders if Mr. O is pursuing the same tax punishment for GE and his other bed buds.

Stalin re-warmed.


17 posted on 04/30/2011 3:35:50 PM PDT by lurk
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To: ColdOne
Yet the U.S. Export/Import Bank is loaning $2.5 billion to George Soros-backed Petrobras for drilling off the coast of Brazil and $2 billion to Columbia to build a refinery.
18 posted on 04/30/2011 3:50:08 PM PDT by bwc2221
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To: ColdOne

Econ 101....if you want more of something that benefits society you subsidize it.......Energy and Food

Wonder why the Obama regime doenst talk about ending pure govt welfare in terms of Home Mtg. Int. deduction, IRA and or 401k deducts......things that Indiv. should be doing on their own anyway.......

.....but now he’d be talking about millions of voters?


19 posted on 04/30/2011 3:57:42 PM PDT by sbark
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To: ColdOne

Since when is a legitimate business expense deduction a tax subsidy?

Obama and his voters are economic illiterates. They should have to pay ten bucks a gallon to subsidize us from their stupidity.


20 posted on 04/30/2011 4:17:01 PM PDT by C. Edmund Wright (American Thinker Columnist / Rush ghost contributor)
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To: Pining_4_TX

You see, all money belongs to the government, so when oil companies, or anybody else, gets a tax break, it’s like stealing from Uncle Sam.

Really, when someone gets a tax break that everyone else doesn’t, it’s like stealing from everyone else. That said, I don’t know if oil companies are getting more tax breaks than other corporations. They’re getting less government money than the incompetent financial corporations and are providing something the country needs.


21 posted on 04/30/2011 4:46:11 PM PDT by freedomfiter2 (Brutal acts of commission and yawning acts of omission both strengthen the hand of the devil.)
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To: ColdOne

How is it that a skinny runt can display all the attributes and smell of a pig?

If God had a sense of humor, He’d inflate obuma to 500 lbs., give him a snout and flappy ears.


22 posted on 04/30/2011 5:03:08 PM PDT by sergeantdave (The democrat party is a seditious organization that must be outlawed)
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To: ColdOne

The tax credit for oil depletion ended in 1975 for the major oil companies! Only independent drillers can get that credit now. Obama is stupid, ignorant or both.


23 posted on 04/30/2011 5:07:49 PM PDT by Keli Kilohana (Editor, ZARR CHASM CHRONICAL [sic], Sore, WV)
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To: Hoodat

They need to change their names to GE.


24 posted on 04/30/2011 5:13:16 PM PDT by foundedonpurpose (Be strong in truth!)
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To: ColdOne; All
Mr President we will make you a deal...

Take away all their supposed tax breaks ( depletion allowances etc ) and give them one flat tax, a low rate, down from the 35% one they have now, down to somewhere between 17 and 20%. And then you can get the heck out of the way and let them produce!

25 posted on 04/30/2011 5:17:10 PM PDT by taildragger (( Palin / Mulally 2012 ))
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To: ColdOne

We the people, urge Obama to leave office.


26 posted on 04/30/2011 5:37:50 PM PDT by freekitty (Give me back my conservative vote; then find me a real conservative to vote for)
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To: ColdOne

Big oil pays billions in taxes, GE pays zero.

GE’s CEO is in bed in the White house with zero and Big oil CEOs are not his campaign contributors.

In other words, Zero does not own big Oil... yet.


27 posted on 04/30/2011 5:45:31 PM PDT by Stymee
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To: ColdOne

OMG I agree with Obama on this.


28 posted on 04/30/2011 6:14:16 PM PDT by yldstrk (My heroes have always been cowboys)
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To: ColdOne

Well I thought we should end them also but Sarah Palin made the case that it will only hurt the small oil companies and I guess hinder exploration. She usually knows what she’s talking about on energy.


29 posted on 04/30/2011 9:17:28 PM PDT by Georgia Girl 2 (The only purpose of a pistol is to fight your way back to the rifle you should never have dropped.)
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To: freedomfiter2

“when someone gets a tax break that everyone else doesn’t, it’s like stealing from everyone else”

That is only if one assumes that wealth belongs to everyone and the government has a right to take as much as it can. The more tax breaks, the less money the government has to waste and to use to control us. Every bit of money left in private hands means more freedom for all of us.


30 posted on 05/01/2011 7:02:36 PM PDT by Pining_4_TX
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To: Pining_4_TX

Every bit of money left in private hands means more freedom for all of us.

So, if you pay a 50% tax rate and I pay nothing, we’re both more free?


31 posted on 05/01/2011 7:06:13 PM PDT by freedomfiter2 (Brutal acts of commission and yawning acts of omission both strengthen the hand of the devil.)
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To: freedomfiter2

It is better than both of us paying 50%.


32 posted on 05/01/2011 7:23:06 PM PDT by Pining_4_TX
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