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Another Liberal myth: Oil compainies get subsidies/tax breaks

This is a discussion on Another Liberal myth: Oil compainies get subsidies/tax breaks within the Politics forums, part of the US Discussion category; Quote: Originally Posted by NYcarbineer Oil company executives acknowledged the existence of subsidies in testimony on Capitol Hill. The OP is an idiot; he is ...


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  #91 (permalink)  
Old 04-02-2012, 10:45 AM
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Quote: Originally Posted by NYcarbineer View Post
Oil company executives acknowledged the existence of subsidies in testimony on Capitol Hill.

The OP is an idiot; he is denying common knowledge and inarguable fact, which is the worst form of idiocy.
CEOs called before congress do not argue with the semantics Congress people phrase their questions in. They accept whatever terminology is used and and go from there. Not commenting on a word used is not a tacit acceptance that it is competely accurate, particularly since it is ubiquitous in political parlance.

Why don't you tell us how a standard tax deduction allowed for them to claim is a "subisidy" when all businesses get to claim it because it is a cost for their operations?
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  #92 (permalink)  
Old 04-02-2012, 10:51 AM
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The Dems are talking about the worldwide profits that oil companies make, not what they earn from the USA sales.
ExxonMobil
They pay their fair share plus.
Government is paying subsidies to green energy, not oil companies.

What happens if Dems get rid of oil, like they want to.
What will happen to all of the petroleum based products like these;
A partial list of products made from petroleum

How will these items like tires, and plastics and thousand of other items be produced without petroleum?
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  #93 (permalink)  
Old 04-02-2012, 10:55 AM
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Quote: Originally Posted by American Horse View Post
Quote: Originally Posted by NYcarbineer View Post
Oil company executives acknowledged the existence of subsidies in testimony on Capitol Hill.

The OP is an idiot; he is denying common knowledge and inarguable fact, which is the worst form of idiocy.
CEOs called before congress do not argue with the semantics Congress people phrase their questions in. They accept whatever terminology is used and and go from there. Not commenting on a word used is not a tacit acceptance that it is competely accurate, particularly since it is ubiquitous in political parlance.

Why don't you tell us how a standard tax deduction allowed for them to claim is a "subisidy" when all businesses get to claim it because it is a cost for their operations?
You will never get an answer from him or any-one else that thinks the way they do.
I had a freind that was the same way a few years ago, I told him "those record profits" mean your 401k will make "record profit"
He looked into it and come to find out his largest mutual fund had Exxon in it.
I have never laughed so hard
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Old 04-02-2012, 11:11 AM
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(CBS News) WASHINGTON - Climbing gas prices have drivers looking for someone to blame. And politicians are looking to take advantage.


Senate Republicans Thursday shot down President Obama's plan to cut off oil companies' tax breaks.


The president says there's not much he can do to control gas prices. Nonetheless, he's working hard to appear to be trying.


He came to the White House rose garden Thursday to urge the Senate to repeal $4 billion in tax subsidies for big oil companies, even though no one thinks that would lower prices at the pump.


"They can either vote to spend billions of dollars on oil subsidies that keep us trapped in the past," said Mr. Obama, "or they can vote to end these taxpayer subsidies that aren't needed to boost oil production."


But moments after the president's plea, the Senate voted 51-47 against the bill, with four Democrats in the majority.

GOP blocks Obama's bid to end oil subsidies - CBS News
http://blog.seattlepi.com/seattlepol...senate-repeal/
So its a lie? Doubt it again.Nice try right wing hack.

Last edited by boilermaker55; 04-02-2012 at 11:13 AM.
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  #95 (permalink)  
Old 04-02-2012, 11:16 AM
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Quote: Originally Posted by Seawytch View Post
Here's the bill...

S. 2204: Repeal Big Oil Tax ... - Full Text - GovTrack.us

It would have ended tax breaks for the top five "Big Oil" companies. You know...the ones that are currently raking in HUGE profits.

You would want to kick someone off Welfare that got a job, right? Why would you support giving big oil companies tax breaks (that only effect THEM) when they are making money?
You're a shill for Big Algae

SEC. 105. ALGAE TREATED AS A QUALIFIED FEEDSTOCK FOR PURPOSES OF THE
CELLULOSIC BIOFUEL PRODUCER CREDIT, ETC.
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  #96 (permalink)  
Old 04-02-2012, 11:20 AM
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Quote: Originally Posted by boilermaker55 View Post
(CBS News) WASHINGTON - Climbing gas prices have drivers looking for someone to blame. And politicians are looking to take advantage.


Senate Republicans Thursday shot down President Obama's plan to cut off oil companies' tax breaks.


The president says there's not much he can do to control gas prices. Nonetheless, he's working hard to appear to be trying.


He came to the White House rose garden Thursday to urge the Senate to repeal $4 billion in tax subsidies for big oil companies, even though no one thinks that would lower prices at the pump.


"They can either vote to spend billions of dollars on oil subsidies that keep us trapped in the past," said Mr. Obama, "or they can vote to end these taxpayer subsidies that aren't needed to boost oil production."


But moments after the president's plea, the Senate voted 51-47 against the bill, with four Democrats in the majority.

GOP blocks Obama's bid to end oil subsidies - CBS News
Oil subsidies stay as GOP blocks Senate repeal | Strange Bedfellows — Politics News - seattlepi.com
So its a lie? Doubt it again.Nice try right wing hack.
So the president calls a fixed tax rate that a company pays a subsidy?
your figuring this out. IT IS THE INTENT OF THE THREAD
You and I pay income tax, or at least I can say I do. Do you consider the dependants you claim a subsidy?
If not then what is the difference in what the oil compnaies pay and you and I pay?

To have an expense to risk millions in finding more oil is not a "dependant" in the grand scheme of things in the tax code, than what is?
There is what BHO calls a "subsidy" but in rela life its nothing more than a tax rate

One more question, who will pay for that tax hike if BHO got his way?
You think there is a special fund that exists only to pay taxes?

think about it and get back to me
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  #97 (permalink)  
Old 04-02-2012, 11:21 AM
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Another misrepresentation of the facts.

The Congressional Research Service states the fledgling oil industry in the United States first received government assistance in 1916. That was when intangible drilling costs were able to be fully deducted from a company's expenses for tax purposes. In 1926, a write-off for cost depletion was introduced. That provision allowed oil companies to deduct costs based upon overall gross receipts and not just the actual value of the oil.


Both of those subsidies still exist.

History of U.S. Oil Subsidies Go Back Nearly a Century - Yahoo! News
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  #98 (permalink)  
Old 04-02-2012, 11:25 AM
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Here
Subsidy | Define Subsidy at Dictionary.com

a direct pecuniary aid furnished by a government to a private industrial undertaking, a charity organization, or the like.

2.
a sum paid, often in accordance with a treaty, by one government to another to secure some service in return.

3.
a grant or contribution of money.

4.
money formerly granted by the English Parliament to the crown for special needs.

Thats got to hurt, it alsoshows the term dis honest is not personal, it is the way it is

Last edited by JRK; 04-02-2012 at 11:26 AM.
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  #99 (permalink)  
Old 04-02-2012, 11:26 AM
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Quote: Originally Posted by kyzr View Post
have you ever see the words "their" and "they're"?
I've "seen" them before.
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  #100 (permalink)  
Old 04-02-2012, 11:28 AM
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Quote: Originally Posted by JRK View Post
Quote: Originally Posted by Full-Auto View Post
Quote: Originally Posted by NYcarbineer View Post

Your first step in earning some respect around here would be for you to show some respect for the English language.
So you come in with the pathetic spelling whine.

It doesnt take much to reduce you to spelling bitch does it.
I wish those Libs would just ignore this stuff
If they do not (don't) want to be part of the discussion, they bring nothing but whine
Yes and in a perfect world we wouldn't have to correct your misrepresentations of the facts. I know, I know you don't want hear from people who disagree with you. Just close your eyes, stick your fingers in your ears and repeat (very loudly) La-la-la-la-la-la-la-la-la-la-la-........
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  #101 (permalink)  
Old 04-02-2012, 11:39 AM
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Grammer vs the future of this country, ok
Hey BOO
IGNORE, your still there
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  #102 (permalink)  
Old 04-02-2012, 11:43 AM
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100 year old depreciation and write-off and the new subsides.

LOL

Fucking morons.

This is the level of ignorance you need in order to believe that "Hope" and "Change" are solid economic ideas; you can't rack up chronic 8% unemployment and trillion dollar deficits without it
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  #103 (permalink)  
Old 04-02-2012, 11:56 AM
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Quote: Originally Posted by JRK View Post
Quote: Originally Posted by boilermaker55 View Post
(CBS News) WASHINGTON - Climbing gas prices have drivers looking for someone to blame. And politicians are looking to take advantage.


Senate Republicans Thursday shot down President Obama's plan to cut off oil companies' tax breaks.


The president says there's not much he can do to control gas prices. Nonetheless, he's working hard to appear to be trying.


He came to the White House rose garden Thursday to urge the Senate to repeal $4 billion in tax subsidies for big oil companies, even though no one thinks that would lower prices at the pump.


"They can either vote to spend billions of dollars on oil subsidies that keep us trapped in the past," said Mr. Obama, "or they can vote to end these taxpayer subsidies that aren't needed to boost oil production."


But moments after the president's plea, the Senate voted 51-47 against the bill, with four Democrats in the majority.

GOP blocks Obama's bid to end oil subsidies - CBS News
Oil subsidies stay as GOP blocks Senate repeal | Strange Bedfellows Politics News - seattlepi.com
So its a lie? Doubt it again.Nice try right wing hack.
So the president calls a fixed tax rate that a company pays a subsidy?
your figuring this out. IT IS THE INTENT OF THE THREAD
You and I pay income tax, or at least I can say I do. Do you consider the dependants you claim a subsidy?
If not then what is the difference in what the oil compnaies pay and you and I pay?

To have an expense to risk millions in finding more oil is not a "dependant" in the grand scheme of things in the tax code, than what is?
There is what BHO calls a "subsidy" but in rela life its nothing more than a tax rate

One more question, who will pay for that tax hike if BHO got his way?
You think there is a special fund that exists only to pay taxes?

think about it and get back to me
Let's make them pay for what they do.
Simple little idea that some might not understand.
Less big bonuses for the CEO's more money put back into their operations.
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  #104 (permalink)  
Old 04-02-2012, 12:10 PM
JRK JRK is offline
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Quote: Originally Posted by boilermaker55 View Post
Quote: Originally Posted by JRK View Post
Quote: Originally Posted by boilermaker55 View Post
(CBS News) WASHINGTON - Climbing gas prices have drivers looking for someone to blame. And politicians are looking to take advantage.


Senate Republicans Thursday shot down President Obama's plan to cut off oil companies' tax breaks.


The president says there's not much he can do to control gas prices. Nonetheless, he's working hard to appear to be trying.


He came to the White House rose garden Thursday to urge the Senate to repeal $4 billion in tax subsidies for big oil companies, even though no one thinks that would lower prices at the pump.


"They can either vote to spend billions of dollars on oil subsidies that keep us trapped in the past," said Mr. Obama, "or they can vote to end these taxpayer subsidies that aren't needed to boost oil production."


But moments after the president's plea, the Senate voted 51-47 against the bill, with four Democrats in the majority.

GOP blocks Obama's bid to end oil subsidies - CBS News
Oil subsidies stay as GOP blocks Senate repeal | Strange Bedfellows Politics News - seattlepi.com
So its a lie? Doubt it again.Nice try right wing hack.
So the president calls a fixed tax rate that a company pays a subsidy?
your figuring this out. IT IS THE INTENT OF THE THREAD
You and I pay income tax, or at least I can say I do. Do you consider the dependants you claim a subsidy?
If not then what is the difference in what the oil compnaies pay and you and I pay?

To have an expense to risk millions in finding more oil is not a "dependant" in the grand scheme of things in the tax code, than what is?
There is what BHO calls a "subsidy" but in rela life its nothing more than a tax rate

One more question, who will pay for that tax hike if BHO got his way?
You think there is a special fund that exists only to pay taxes?

think about it and get back to me
Let's make them pay for what they do.
Simple little idea that some might not understand.
Less big bonuses for the CEO's more money put back into their operations.
Another thread, and there are times I get agitated with same, but that agitation comes with the freedom's we all enjoy

Your a boliermaker I would assume
what are you going to do after they shut down these coal fired units for work in the spring and fall?
where will the next turn arounds be for your brothers?
I am supporter of the trades and have worked hand in hand with the BMs

Ask your self whats next? these Combined cycle units do not need your expertise, not much any-way
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  #105 (permalink)  
Old 04-02-2012, 12:13 PM
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Quote: Originally Posted by JRK View Post
Quote: Originally Posted by boilermaker55 View Post
Quote: Originally Posted by JRK View Post

So the president calls a fixed tax rate that a company pays a subsidy?
your figuring this out. IT IS THE INTENT OF THE THREAD
You and I pay income tax, or at least I can say I do. Do you consider the dependants you claim a subsidy?
If not then what is the difference in what the oil compnaies pay and you and I pay?

To have an expense to risk millions in finding more oil is not a "dependant" in the grand scheme of things in the tax code, than what is?
There is what BHO calls a "subsidy" but in rela life its nothing more than a tax rate

One more question, who will pay for that tax hike if BHO got his way?
You think there is a special fund that exists only to pay taxes?

think about it and get back to me
Let's make them pay for what they do.
Simple little idea that some might not understand.
Less big bonuses for the CEO's more money put back into their operations.
Another thread, and there are times I get agitated with same, but that agitation comes with the freedom's we all enjoy

Your a boliermaker I would assume
what are you going to do after they shut down these coal fired units for work in the spring and fall?
where will the next turn arounds be for your brothers?
I am supporter of the trades and have worked hand in hand with the BMs

Ask your self whats next? these Combined cycle units do not need your expertise, not much any-way
Let me put it this way. Myself, I am not afraid of those who sit in judgement. The power they have because of money does not scare me. If they close down any plants it is because they want too. If they are making money in any plant, seriously, do you think they will shut it down? No. The only time they would shut down a plant of any kind is when it does not make them money.
And this opens up an entirely new subject to discuss.
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