Democrats Admit Their Gas Bill Will Not Cut Gas Prices… But They Will Take More From Gas Companies
Posted by Jim Hoft on Thursday, May 12, 2011, 6:10 PM
Republican Orrin Hatch called Thursday’s senate hearing a dog and pony show, a point he drove home with a visual aid. (CNN)
Democrats admitted this week that their tax bill will not cut gas prices at all…
They just want to take more profit from the private sector.
RepublicanSenate.gov reported:
With Gas Prices Nearing Record Highs, The Democrat Finance Chairman Says ‘I Don’t See That As An Issue At All. The Issue I See Is Who Shares.’
CHAIRMAN BAUCUS: Our Bill ‘Is Not Going To Change The Price At The Gasoline Pump’
SEN. MAX BAUCUS (D-MT): “You know, this is not going to change the price at the gasoline pump. That’s not the issue. I don’t see that as an issue at all. The issue I see is who shares.” (U.S. Senate, Finance Committee, Hearing, 5/12/11)
SEN. MARY LANDRIEU (D-LA): “It will not reduce gasoline prices by one penny.” “I would just like to add my strong voice to urging my colleagues to read this bill, to look at it and understand the inherent unfairness in it, the lack of significant deficit reduction, and the fact that it will not, although it is being touted as, it will not reduce gasoline prices by one penny.” (Sen. Landrieu, Floor Remarks, 5/11/11)SEN. MARK BEGICH (D-AK): “It won’t decrease prices at the pump.” “There is a lot of talk right now about ending tax incentives for oil and gas industry, but the high profits right now of these companies are easy targets. But one thing Alaskans know, just because you have an easy target doesn’t mean it is the right thing to shoot. It won’t decrease prices at the pump for our families and small businesses. It will discourage companies, especially the independents, from domestic investment and job creation.” (Sen. Begich, Floor Remarks, 5/11/11)
SEN. CHUCK SCHUMER (D-NY): “This was never intended to talk about lowering prices.” (CNN’s “The Situation Room,” 5/11/11)
SEN. ROBERT MENENDEZ (D-NJ): “Nobody has made the claim that this bill is about reducing gas prices.” (“McCaskill: Savings From Cutting Oil Tax Breaks Should Be For Deficit Reduction,” The Hill’s E2 Wire Blog, 5/10/11)
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Published May 23, 2012 at 4:57 am - 64 Comments
MrGoodWench commented:
Not surprising at all.
Remember Maxine Waters and HIllary Clinton ?
One wanted to socialize oil companies,
the other wants to take away their profits
rampart ranger commented:
Nobody bothers to mention that going after the oil companies will cost certain classes of people…….especially people on pensions.
Between his Death Panels for Health Care and his Confiscation of pension profits, I think it’s fair to say that Barack Obama hates old people almost as much as he hates the children, whom he is intent on burying in debt.
Sasja commented:
Rush has some on the hearing today. It is worth a read.
MrGoodWench commented:
#2 rampart ranger
He always wanted to ‘fundamentally transform the United States of America’
and how can he do that with so many of those actual ‘Americans’ hanging around..they gotta go
wanumba commented:
Simple solution: the oil companies itemize on every receipt:
exploration cost
drilling costs
pipeline/shipping costs
refinery costs
distribution costs
retail markup
tax on each stage above, line by line
local tax
state tax
federal tax
OBAMA/DEMOCRATS CONSUMER PENALTY TAX
The GOP just puts up a big sample receipt for EVERYONE to inspect.
sturgis commented:
If I heard this correctly and I think I did, the reporter doing a story on the news with Diane Sawyer misspoke something significant. While there was a chart on the screen showing that oil companies pay 27% in taxes and other businesses pay 15%, he said that the oil companies pay less than other businesses. What’s up with that?
czekmark commented:
Reference the lamebrain democrats: How can so many people be so clueless? I guess if your fanatical religion is ‘tax and spend’ it does make some sense.
Granny Smith commented:
#6 May 12, 2011 at 7:06 pm
sturgis commented:
If I heard this correctly and I think I did, the reporter doing a story on the news with Diane Sawyer misspoke something significant. While there was a chart on the screen showing that oil companies pay 27% in taxes and other businesses pay 15%, he said that the oil companies pay less than other businesses. What’s up with that?
____________
That oil companies pay less than everybody else is the leftie talking point that has been making the rounds. I suspect that the people doing the set up for the news – and obviously Diane Sawyer – cannot read a graph. That is, unfortunately, not the least bit uncommon.
Chisum commented:
The effective tax rate of oil companies is 41%. The total taxes paid by the oil companies is approx. $86 Million PER DAY!
GE paid zero last year.
TimT commented:
My question is for New Yorkers and New Jersians(that right?)…..
How do yu reconcile your perpetual vote with cooments like these?
SEN. CHUCK SCHUMER (D-NY): “This was never intended to talk about lowering prices.”
SEN. ROBERT MENENDEZ (D-NJ): “Nobody has made the claim that this bill is about reducing gas prices.”
These self-serving elitist scumbags care nothing about you or any other average American. These comments are only a small representation of the overt arrogance they spew on a routine basis.
How folks? How do you reconcile?
TimT commented:
I’ll learn to spell someday….
I hate handhelds!
Gimme a Break commented:
Posturing and lying… what Democrats do best.
wodun commented:
Why try and solve a problem when they can pick a target to rally torches and pitchforks around?
avery commented:
Tax payer paiding a hugh amount for windmill and solor panels,plus putting corn in the gas tank at 15% will burn up the motors in older cars.
Iconoclast commented:
Not to put too fine a point on it & I realize this is way too obvious, but Sen. Hatch grievously demeans dogs & ponies by suggesting they have anything in common with the braying jackasses quoted above.
KR commented:
Ann Barnhardt has it right:
http://iowntheworld.com/blog/?p=75242
gus commented:
LIBTARDS spend us into OBLIVION. We are out of money. LIBTARDS need more money.
Who do the Alynskites demonize???? The very industry that provides BILLLLLIONS to the aforementioned LIBTARDS.
Chisum commented:
The Obama Gas Premium
Usually the left can deflect blame for high gas prices by saying that even if we opened up our natural resources for production, it would take years before those supplies could bring down prices. Not this time. The Wall Street Journal reports today that President Obama’s Gulf oil drilling bans have cut domestic oil production by 1.55 million barrels a day. According to the U.S. Energy Information Administration that translates to a 13% drop in U.S. offshore oil production. That is a steep drop in domestic oil supply directly attributable to the current occupant of the White House. Politicians from both parties are hitting Obama on the issue.
http://washingtonexaminer.com/blogs/beltway-confidential/2011/04/morning-examiner-obama-gas-premium
Chisum commented:
Natural Resources Committee Passes Three Energy Bills to Create Jobs and Lower Gasoline Prices – will create 250,000 jobs
http://naturalresources.house.gov/News/DocumentSingle.aspx?DocumentID=236733
gus commented:
Chisum. Before I read your link on the NEW JOBS created by FIAT and a new BILL.
Please tell me how GOVERNMENT CREATES JOBS??
tommy mc donnell commented:
all wealth belongs to the political class.
by the way under obamacare my medical coverage has been reduced and i lost my cardiologist. was never gonna according to the myth and all his obamacare supporters.
Chisum commented:
Gus,
They’re just reversing BO’s policies.
These bills (H.R. 1229, H.R. 1230 and H.R. 1231) will expand American energy production, create jobs and lower gasoline prices by reversing Obama Administration
policies that have placed our American energy resources off-limits.
“We’re actively working to address rising gasoline prices that are hurting families and small businesses by moving legislation to increase American energy production,” said Chairman Doc Hastings (WA-04). “For the past two years the Obama Administration has actively blocked access to our American energy resources, increasing our reliance on foreign countries to meet our energy needs and costing American jobs. I hope the full House will soon consider these bills to unlock our energy resources in order to lower energy costs, create good-paying jobs and strengthen our national security.”
gus commented:
Thanks Chisum, the idea that GOVT CREATES jobs is silly. If you imprison a man he cannot have a productive job. Set him free, he can work and be productive.
LIBTARDS IMPRISON BUSINESS and INDUSTRY for their own MORONIC PURPOSES. Leave them alone and they will be productive for THEM and for the TAXPAYER. We should WANT, oil companies to be profitable. We should want ALL COMPANIES to be productive.
gus commented:
If OIL COMPANIES or CITIZENS make a shyte load of money. The economy, the populace, and the govt coffers are beneficiaries. Libtards rape that. They see a piggy bank and they SMASH and GRAB and SPEND and SPEND. When the piggy bank is empty ,they seek OTHER piggy banks to rape. Then they smash that PIGGY BANK. My piggy bank has sat upon my dresser for years. I’ve added to it, with no reason to smash it. LIBTARDS SMASH YOUR PIGGY BANK in order to BUY VOTES with your money. It’s really that simple.
Doug Edelman commented:
http://www.examiner.com/conservative-in-st-louis/quit-scapegoating-the-oil-companies
Democrats, unsurprisingly, are barking up the wrong tree… again.
Andreas K. commented:
Oil companies also have a not so impressive profit margin. Companies like Microsoft have a vastly bigger profit margin.
As for the oil price, well, what do you expect? First, the feds drive it up by printing more money (dollar and oil price are connected), and now they try to get the oil companies.
Also, Donald Trump couldn’t be reached for comment, he was last heard demanding to see Barrack Obama’s phone bill from 20 years ago.