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No because they will just raise the cost of the fuel to maintain their profit margin which I might add is already quite small, you'll just be putting more money into Uncle Sam's profit. It's really a simple concept to understand. When you ask for new taxes on business what you're really asking for is taxes on yourself.
Everything is relative. I'm not holding my breath based upon empirical evidence.
No because they will just raise the cost of the fuel to maintain their profit margin which I might add is already quite small, you'll just be putting more money into Uncle Sam's profit. It's really a simple concept to understand. When you ask for new taxes on business what you're really asking for is taxes on yourself.
Don't the oil companies wish they saw a profit per gallon like the government gets.... 18.4 cents per gallon.....
Quote:
According to NACS, in the United States, as of the beginning of 2011, the federal excise tax on gasoline was 18.4 cents per gallon.
I think this is funny....Big Oil pretending that Obama has been bad for business when nothing could be further from the truth.
Can you explain how Obama has been friendly to Big Oil?
Here's Obamas Top Contributors:
University of California
$1,648,685
Goldman Sachs
$1,013,091
Harvard University
$878,164
Microsoft Corp
$852,167
Google Inc
$814,540
JPMorgan Chase & Co
$808,799
Citigroup Inc
$736,771
Time Warner
$624,618
Sidley Austin LLP
$600,298
Stanford University
$595,716
National Amusements Inc
$563,798
WilmerHale LLP
$550,668
Columbia University
$547,852
Skadden, Arps et al
$543,539
UBS AG
$532,674
IBM Corp
$532,372
General Electric
$529,855
US Government
$513,308
Morgan Stanley
$512,232
Latham & Watkins
$503,295
Gee, I wonder why tuitions have skyrocketed and money remained cheap while bailing out the banks. Meanwhile, energy prices have doubled. Yep, it's great to have politicians (on both sides) who answer only to their masters, and their masters aren't the people.
This is from the Canada Free Press:
In an effort to show voters that they’re “doing something” about high gas prices and the deficit, the Obama Administration has been touting its proposed 2013 budget plan as a way to close “tax breaks for Big Oil.” Yet in reality, the proposals amount to unfair soaking of deep pockets, and would actually lead to higher gasoline prices. If the Administration wants to bring in more revenue from the energy sector, while delivering relief to motorists, it would expedite the leasing of oil located on federal lands.
No because they will just raise the cost of the fuel to maintain their profit margin which I might add is already quite small, you'll just be putting more money into Uncle Sam's profit. It's really a simple concept to understand. When you ask for new taxes on business what you're really asking for is taxes on yourself.
They higher gas prices go the more viable the alternatives.
So you have no source? O.K. You were wrong. We can leave it at that. Do you deny that 93% of contributions from big oil goes to Republicans?
No, I'm not wrong...I read it in a blog....just like you did.
Now since you started an entire thread based upon the premise....I clicked on the link and lo and behold....no sourcing of the $200million.
I haven't looked into your 93% link....I'm still working on establishing the credibility of the first post of the thread and since you won't produce....you're starting to dig into rock.
No, I'm not wrong...I read it in a blog....just like you did.
Now since you started an entire thread based upon the premise....I clicked on the link and lo and behold....no sourcing of the $200million.
I haven't looked into your 93% link....I'm still working on establishing the credibility of the first post of the thread and since you won't produce....you're starting to dig into rock.
I sited a source you did not. If you don't want to look at the 93% link that is fine. I can also source open secrets. If you would like to remain willfully ignorant of the facts, that is your perogative.
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