{"id":2957,"date":"2011-05-11T13:11:30","date_gmt":"2011-05-11T13:11:30","guid":{"rendered":"http:\/\/www.rightwinggranny.com\/?p=2957"},"modified":"2011-05-11T13:11:30","modified_gmt":"2011-05-11T13:11:30","slug":"how_is_making_oil_companies_pa","status":"publish","type":"post","link":"https:\/\/www.rightwinggranny.com\/?p=2957","title":{"rendered":"How Is Making Oil Companies Pay More Taxes Going to Help Deficit Spending Or The Price Of Gasoline Or Our Energy Policy ?"},"content":{"rendered":"

The Daily Caller<\/a> reports today that some Democrats do not agree with President Obama’s suggested policy that tax breaks for oil companies be ended and the money given to ‘green energy’ companies.  I thought ending the tax breaks (which all corporations are entitled to–not just oil companies) was to begin to pay down the deficit.  How naive of me.  <\/p>\n

The article reports:<\/p>\n

\n

“New Jersey Democratic Sen. Robert Menendez, a member of the Senate Committee on Energy and Natural Resources, unveiled legislation Tuesday that would end tax breaks for the five largest oil companies — ExxonMobil, Shell, ConocoPhillips, Chevron Texaco, and BP — and funnel the resulting revenue toward deficit reduction.”<\/o:p><\/span><\/i><\/p>\n<\/blockquote>\n

The President’s plan was not to pay down the deficit–it was to reward his political cronies who have invested in ‘green energy.’  Has it occurred to anyone that if you raise taxes on oil companies, those taxes will be passed on to the consumer?  Just what we need–higher prices at the pump.  <\/p>\n

The article further reports:<\/p>\n

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“It is not clear how exactly the money would go toward reducing the nation’s $1.4 trillion budget shortfall if Congress plans to increase spending through other tax credits anyway. A study published last year<\/a> found that that since the post-World War II era, the federal government has spent $1.17 for every dollar it brought in, suggesting that in the long run increased revenues were never ultimately used for deficit reduction.<\/o:p><\/span><\/i><\/p>\n

“Senate Majority Leader Harry Reid, who threw his support behind Menendez’s bill, confirmed that the Senate would vote on the measure within a week.”<\/o:p><\/span><\/i><\/p>\n<\/blockquote>\n

I wonder how long it will take the American consumer to recover from the policies of the Obama administration.<\/p>\n","protected":false},"excerpt":{"rendered":"

The Daily Caller reports today that some Democrats do not agree with President Obama’s suggested policy that tax breaks for oil companies be ended and the money given to ‘green energy’ companies.  I thought ending the tax breaks (which all corporations … Continue reading →<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-2957","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/posts\/2957","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=2957"}],"version-history":[{"count":0,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/posts\/2957\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2957"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2957"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2957"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}