Republicans In The U. S. Senate Have Successfully "Filibuster"ed Proposed Tax On Oil Companies' "Windfall Profits". I Say Good For Them!
The Democrats failed, 51-43, to get the 60 votes needed to overcome a GOP filibuster and bring the energy package up for consideration.
The energy package would have taxed the windfall profits of the largest oil companies.
I am for punishing oil companies and oil speculators who price collude or break the law in some fashion. However, this is, obviously, not the intent of this tax.
The tax appears to be intended as punishment for the oil companies' for DARING to make profits or to pacify a concerned citizenry. As such, the tax idea is ill conceived, so the GOP's filibuster makes sense to me.
After we tax the profits, how do we PREVENT the gas companies from raising prices to recoup their tax losses.
Listen folks: You need to quit looking for scape goats.
The way out of this gas mess is to CONSERVE and seek ALTERNATIVES to crude oil.
Hello? (Knock, knock).
Is ANYONE in there?!
Can you hear me?
The energy package would have taxed the windfall profits of the largest oil companies.
I am for punishing oil companies and oil speculators who price collude or break the law in some fashion. However, this is, obviously, not the intent of this tax.
The tax appears to be intended as punishment for the oil companies' for DARING to make profits or to pacify a concerned citizenry. As such, the tax idea is ill conceived, so the GOP's filibuster makes sense to me.
After we tax the profits, how do we PREVENT the gas companies from raising prices to recoup their tax losses.
Listen folks: You need to quit looking for scape goats.
The way out of this gas mess is to CONSERVE and seek ALTERNATIVES to crude oil.
Hello? (Knock, knock).
Is ANYONE in there?!
Can you hear me?
Labels: Capitalism, Keeping them honest, Political economics
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