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He wants to end tax breaks for oil companies. Some smaller oil companies need these tax breaks to compete with major oil companies. This will put out of business tons of smaller, hard working Americans who work for these companies. Drillers, roughnecks, rig hands, truckers, suppliers... will all be affected.
This will destroy thousands of jobs across the country.
It will also hurt you and me. If you own any mutual funds-- then you probably own an oil company. I guarantee this will cause your retirement outlook to look more dismal by causing your mutual funds to go down in value. Some oil companies may have to cut their dividends. This will make shareholders (particularly seniors) have to struggle even more to pay their mortgages. Many seniors depend on oil company dividends to stay afloat...
This is just sickening-- why does this President want to hurt the economy, seniors, and good hard working Americans?
He wants to end tax breaks for oil companies. Some smaller oil companies need these tax breaks to compete with major oil companies. This will put out of business tons of smaller, hard working Americans who work for these companies. Drillers, roughnecks, rig hands, truckers, suppliers... will all be affected.
This will destroy thousands of jobs across the country.
It will also hurt you and me. If you own any mutual funds-- then you probably own an oil company. I guarantee this will cause your retirement outlook to look more dismal by causing your mutual funds to go down in value. Some oil companies may have to cut their dividends. This will make shareholders (particularly seniors) have to struggle even more to pay their mortgages. Many seniors depend on oil company dividends to stay afloat...
This is just sickening-- why does this President want to hurt the economy, seniors, and good hard working Americans?
You prefer govenrment involvement in free markets? I dont. I prefer they pull out, and put an end to these corporate hand outs. It is nothing but another form of socialism.
I think this is a great opportunity for the GOP to offer up additional cuts to Obama's proposal in removing significant subsidies across the board in ALL sectors so that no one industry/group is favored or punished.
You prefer govenrment involvement in free markets? I dont. I prefer they pull out, and put an end to these corporate hand outs. It is nothing but another form of socialism.
OK-- then end all tax breaks for all companies... I see no reason to single out the oil industry. End it for farmers, pharmaceutical companies, retail stores...etc. End it for individuals, small business owners....
^^ Probably wouldn't be a good engine for economic growth if you were to do that.
Fact is, oil companies provide jobs to millions of hard working Americans. They aren't full of "millionaires" flying around in private jets.
That people keep buying into the "class welfare" fodder pumped out by Obama amazes me. Villify the oil companies but completely ignore that the federal government makes more money via taxation per gallon of gas than do the oil producers, refiners, or pipline companies.
Don't y'all get tired of being puppets and hating who the government tells you to hate? Wake up!
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