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Started By
Message
Congress to raise taxes on oil to fund spill cleanup???
Posted on 5/24/10 at 7:59 pm
Posted on 5/24/10 at 7:59 pm
I don't want to turn this in to the poli board but thought this should be posted here anyway. If admins want to move it over there go right ahead. But....
WTF?? I thought BP was supposed to pay for the cleanup? Now you want to pass the cost of a foreign company screw up the the American people? Because you know that is exactly where the tax increase is going and who is going to pay for it in the end. This shite just gets more stupid every day and just when I think a more stupid move can be made I click another link.
LINK
WASHINGTON -- 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.
WTF?? I thought BP was supposed to pay for the cleanup? Now you want to pass the cost of a foreign company screw up the the American people? Because you know that is exactly where the tax increase is going and who is going to pay for it in the end. This shite just gets more stupid every day and just when I think a more stupid move can be made I click another link.
LINK
WASHINGTON -- 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.
4
Posted on 5/24/10 at 8:04 pm to tgrgrd00
quote:When's the last time that you bought a barrel of erl?
to 32 cents a barrel -- a tax on oil
Posted on 5/24/10 at 8:07 pm to tgrgrd00
New taxes of any kind will be welcomed in Washington. You can bet your arse the revenues WONT just be used for oil spills.
Posted on 5/24/10 at 8:09 pm to ForeverLSU02
11 billion bucks to these idiots is a drop in the bucket. Look at the current deficit each year.
I do think they are taking advantage of a bad situation. LA will never see a cent of this money. Feds aint done nothing for us.
I do think they are taking advantage of a bad situation. LA will never see a cent of this money. Feds aint done nothing for us.
Posted on 5/24/10 at 8:10 pm to Oyster
You right erster!
Posted on 5/24/10 at 8:18 pm to MoreOrLes
quote:
erster
Damn...that shoulda been my screen name....
Posted on 5/24/10 at 8:23 pm to Oyster
i have to laugh dammit or i'll cry......watching this slow death (or fast death depending how you look at it) of the marshes is killing me!
Posted on 5/24/10 at 8:27 pm to MoreOrLes
Death of the marshes I grew up working and fishing in makes me cry too. By fishing buddy died last summer. I am glad he didnt see this happening.
Posted on 5/24/10 at 9:01 pm to Oyster
Time out.........
Wasn't there already such a fund, maybe not by the feds but the industry? These bastards never miss a trick and chance to raise taxes. Because of one giant accident (maybe negligence on BPs part) now we all have to suffer?
Though maybe they're on track, perhaps it can be enacted so that residents of non-oil producing states get hit with it, and not us, since we assume all the risk and get the shite end of the stick anyway.
Wasn't there already such a fund, maybe not by the feds but the industry? These bastards never miss a trick and chance to raise taxes. Because of one giant accident (maybe negligence on BPs part) now we all have to suffer?
Though maybe they're on track, perhaps it can be enacted so that residents of non-oil producing states get hit with it, and not us, since we assume all the risk and get the shite end of the stick anyway.
Posted on 5/24/10 at 9:09 pm to TJG210
The way congress sees it:
If they raise X about of money in new taxes then they have 10X more money to waste on getting themselves reelected.
If they raise X about of money in new taxes then they have 10X more money to waste on getting themselves reelected.
Posted on 5/24/10 at 9:39 pm to Oyster
the new tax won't be on citizens, but on oil companies
Posted on 5/24/10 at 9:44 pm to Lafman
quote:
the new tax won't be on citizens, but on oil companies
So tell me genius, at no point will this be passed on to consumers?
Posted on 5/24/10 at 9:49 pm to TJG210
So tell me genius, at no point will this be passed on to consumers?
At this point, don you really care ? If we could have a pristine coast, I would pay $5 gallon.
At this point, don you really care ? If we could have a pristine coast, I would pay $5 gallon.
Posted on 5/24/10 at 10:08 pm to Lafman
quote:
the new tax won't be on citizens, but on oil companies
wow
Posted on 5/24/10 at 10:10 pm to Venicetiger
quote:
If we could have a pristine coast, I would pay $5 gallon.
Thats the problem though. We wont have a pristine coast. The politicians will just waste the money.
Posted on 5/24/10 at 10:14 pm to MoreOrLes
Of course not. Pretty soon will be taxed for air.
Posted on 5/24/10 at 10:19 pm to Oyster
This country cant run at 5$ a gallon. It would shut down. You may be able to pay it but most of the rest of the country cant, may want to think about that. And yes all the oil companies will do is pass it on just like every other industry does when it takes a tax increase.
Posted on 5/24/10 at 10:25 pm to GREENHEAD22
It's pretty sad that government profits more on a gallon of gas than the oil companies when you consider the taxes on the downstream and retail side.
Posted on 5/25/10 at 8:58 am to tgrgrd00
Good
lonng overdue
lonng overdue
Posted on 5/25/10 at 7:08 pm to TJG210
quote:
--------------------------------------------------------------------------------
the new tax won't be on citizens, but on oil companies
--------------------------------------------------------------------------------
So tell me genius, at no point will this be passed on to consumers?
Well Einstein I really don't know. But since you know seem to know everything, why aren't you leading the BP team to stop the disaster?
--------------------------------------------------------------------------------
the new tax won't be on citizens, but on oil companies
--------------------------------------------------------------------------------
So tell me genius, at no point will this be passed on to consumers?
Well Einstein I really don't know. But since you know seem to know everything, why aren't you leading the BP team to stop the disaster?
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