Title: Sen. Rand Paul: When Big Oil Screws Americans At The Gas Pump, ‘You Should Want To Encourage Them’ Source:
THINKPROGRESS URL Source:http://thinkprogress.org/green/2012 ... should-want-to-encourage-them/ Published:Mar 27, 2012 Author:Rebecca Leber Post Date:2012-03-27 16:00:53 by Brian S Keywords:None Views:22331 Comments:47
The top five oil companies in the United States have already made $5.8 billion in windfall profits from spiking gasoline prices this year. Yesterday, Senate Republicans agreed to debate a bill that repeals $2 billion in annual tax breaks for these super-wealthy oil giants. The move was purely a political calculation dont expect the GOP to end taxpayer welfare for their Big Oil allies. GOP senators like Rand Paul (R-KY) and Jon Kyl (R-AZ) have used their time on the Senate floor today to push error-riddled arguments coming straight from their oil industry donors.
Paul argued Big Oil deserves even more favors from government, because theyre doing such a good job extracting wealth from American families:
Instead of punishing them, you should want to encourage them. I would think you would want to say to the oil companies, What obstacles are there to you making more money? And hiring more people. Instead they say, No, we must punish them. We must tax them more to make things fair. This whole thing about fairness is so misguided and gotten out of hand.
Watch it:
We as a society need to glorify those who make a profit, Paul concluded.
In his floor speech, Kyl claimed that ending the tax breaks would be discriminatory.
The five major oil companies are some of the largest and most profitable corporations in the world, increasingly at the expense of the rest of humanity. The big five companies enjoyed record levels of $137 billion profits last year, while paying absurdly low tax rates. Exxon is the most profitable, making $1300 per second in 2011, but it only paid a 13 percent tax rate, according to a Reuters analysis. The oil industry claims it pays a higher tax rate but it counts foreign taxes and deferred taxes.
The industry is set to make even higher profits from record gas prices. A Center for American Progress analysis shows that for every penny rise in gas, the big five companies gain $200 million more in profit. Republican senators are asking to boost Big Oils profits at the expense of the 99 percent.
Meanwhile, the oil industry is not using its profits to hire more people. Paul falsely claimed the oil companies employ 9.2 million people in fact, there are only 2.2 million jobs in the entire oil industry, and 40 percent of those jobs are minimum-wage work at gas stations. Exxon Mobil, Chevron, Shell, and BP have shed their U.S. workforce by 11,200 between 2005 to 2010, according to a report last year. Big Oil isnt investing in renewable energy or in reducing oil spills, either.
Strangely, while Kyl and Paul called an end to oil subsidies indefensible, they used the opportunity to label clean energy tax credits crony government. During his clean energy rant, Paul said:
It doesnt seem to right that your tax dollars are sent to companies just because theyre big contributors.
Republicans have received 88 percent of donations from the oil industrys coffers. In the Senate, Republicans have taken over $13.8 million from oil, compared to the Democrats $3.3 million, meaning Senate Republicans have taken four times the amount in Big Oil contributions as Democrats. Kyl is the No. 29 largest recipient in the Senate from oil and gas in career contributions with over $330,000and Paul has received over $106,000 from oil.
A Center for American Progress analysis shows that for every penny rise in gas, the big five companies gain $200 million more in profit. Republican senators are asking to boost Big Oils profits at the expense of the 99 percent.
Who? I googled the words "center for american progress propaganda", and had "About 2,090,000 results (0.27 seconds)."
What, Brian S spouting more bullshit propaganda? Say it ain't SO!!!
Exxon is the most profitable, making $1300 per second in 2011, but it only paid a 13 percent tax rate, according to a Reuters analysis.
Hey, asshole, maybe you could explain the following graph????
To: mcToejam, rat-boy, drippy, Alzheimer Fred, whitesands, t-bird, loonymom, ming, e-type jackoff, goober56, wreck, cal-CON, rabid dog, dummy DwarF, biff, harrowup the communist, and meguro. You're on the "a waste of human flesh" list. Brian S[ocialist], you're a propagandist moron. ALL of you can piss off.
These are the same tax breaks that lots of companies use. Not just oil companies. Because their scale is bigger their tax breaks are as well.
Should the tax breaks be repealed for everyone or just targeted at oil companies?
The taxes are on net profits.
Oh, and then the dividends are taxed...
And also don't forget that any gains on the sale of your stocks will also be taxed...
All people who invest, get double-taxation. ALL the owners of corporations- stock-holders- get this.
Brian S is pushing more crap propaganda... He's a leftist shill, the only difference between him and rat-boy, is that rat-boy is more in-your-face about his views.
To: mcToejam, rat-boy, drippy, Alzheimer Fred, whitesands, t-bird, loonymom, ming, e-type jackoff, goober56, wreck, cal-CON, rabid dog, dummy DwarF, biff, harrowup the communist, and meguro. You're on the "a waste of human flesh" list. Brian S[ocialist], you're a propagandist moron. ALL of you can piss off.
Fuel taxes in the United States vary by state. The United States federal excise tax on gasoline, as of February 2011, is 18.4 cents per gallon (4.86 ¢/L) and 24.4 cents per gallon (6.45 ¢/L) for diesel fuel. In January 2011, motor gasoline taxes averaged 48.1 cents per gallon (12.71 ¢/L) and diesel fuel taxes averaged 53.1 cents per gallon (14.03 ¢/L).[9] For the first quarter of 2009, the mean state gasoline tax is 27.2 cents per US gallon, plus 18.4 cents per US gallon federal tax making the total 45.6 cents per US gallon (12.0 ¢/L). For diesel, the mean state tax is 26.6 cents per US gallon plus an additional 24.4 cents per US gallon federal tax making the total 50.8 cents US per gallon (13.4 ¢/L).[10] There are also a few states and municipalities that charge sales tax on top of the excise taxes and the retail price.
At $4 per gallon for gasoline, the feds take 18.4¢ and that is a "profit" of 4.6%. They spent nothing, invested nothing, just take a fat share.
As for the states, they get about 50% than the feds do. At $4 gas and a mean state gas tax rate of 26.6¢, the states are averaging 6.65% profit off of fuel taxes.
And these are the people howling over the oil companies profiting from oil? Have they lost their minds? They're like some pack of communists.
At $4 per gallon for gasoline, the feds take 18.4¢ and that is a "profit" of 4.6%. They spent nothing, invested nothing, just take a fat share.
You have to be kidding.
Almost every country in the Middle East is awash in oil, and we have to side with the one that has nothing but joos. Goddamn, that was good thinkin'. Esso posted on 2012-01-13 7:37:56 ET
These fuel taxes are in federal statute. Look it up for yourself.
I mean the supposed lack of investment by the Feds, which also means we the people. Who support with our blood and treasure and direct subsidy, armies and navies to make the world safe for oil exploration and it's transport. At the very minimum.
Almost every country in the Middle East is awash in oil, and we have to side with the one that has nothing but joos. Goddamn, that was good thinkin'. Esso posted on 2012-01-13 7:37:56 ET
Mmm...not wanting to sound like some lib they do have to maintain the state and interstate highway systems with the revenue they get. All that fuel wouldn't do us much good if we didn't have highways to burn it up on.
Dammit, you *know* she's not interested in FACTS!!!
To: mcToejam, rat-boy, drippy, Alzheimer Fred, whitesands, t-bird, loonymom, ming, e-type jackoff, goober56, wreck, cal-CON, rabid dog, dummy DwarF, biff, harrowup the communist, and meguro. You're on the "a waste of human flesh" list. Brian S[ocialist], you're a propagandist moron. ALL of you can piss off.
The evil of "Big Oil" and its obscene profits is dwarfed by the parasites at the state and federal governments dipping their beaks in that oil, getting more profits from the Evil Liquid than even Big Oil itself with no investment at all.
Too bad Eric doesn't volunteer for a stint in Afghanistan or Iraq. Certainly a man of his vast expertise could teach them a thing or two on how to fight a war for oil.
Almost every country in the Middle East is awash in oil, and we have to side with the one that has nothing but joos. Goddamn, that was good thinkin'. Esso posted on 2012-01-13 7:37:56 ET
The evil of "Big Oil" and its obscene profits is dwarfed by the parasites at the state and federal governments dipping their beaks in that oil, getting more profits from the Evil Liquid than even Big Oil itself with no investment at all.
Maybe you could post some 'figures' to support that.
Almost every country in the Middle East is awash in oil, and we have to side with the one that has nothing but joos. Goddamn, that was good thinkin'. Esso posted on 2012-01-13 7:37:56 ET
The state and federal government rake in far more pure profit from the excise taxes on fuels than the oil companies ever get.
First, your chart includes state and local sales tax as well as excise taxes.
Second, state and federal sales taxes are not "pure profit", but are used to maintain roads, and pay for clean up of underground tank leakage.
Our Republican governor, the Terminator (some call the boobengrabber), did do some tricky thing with the gas taxes that raised rates and diverted money to the general fund*, but for the most part taxes on gas pay for roads and clean up.
*Grover Norquist seems to be more generous to GOP politicians when it comes to granting tax increases than he is to Democrats.
Anyone claiming to be an expert is selling something. I brandish my ignorance like a crucifix at vampires. Aaron Bady
First, your chart includes state and local sales tax as well as excise taxes.
You can argue it with Wiki if you like. Seems a fair enough metric to me.
The picture won't improve much even if you had your way.
Second, state and federal sales taxes are not "pure profit", but are used to maintain roads, and pay for clean up of underground tank leakage.
They are also used to routinely blackmail states. Like trying to force Montana to enforce the 55mph speed limit (despite the fact that one of the largest killers on Montana's highways was people falling asleep at the wheel).
The picture won't improve much even if you had your way.
What is my way, I'd like to know.
Like trying to force Montana to enforce the 55mph speed limit (despite the fact that one of the largest killers on Montana's highways was people falling asleep at the wheel).
We haven't had a 55mph speed limit in California for many years, why does the federal government impose that on Montana?
Driving faster keeps people awake?
Anyone claiming to be an expert is selling something. I brandish my ignorance like a crucifix at vampires. Aaron Bady
They are also used to routinely blackmail states. Like trying to force Montana to enforce the 55mph speed limit (despite the fact that one of the largest killers on Montana's highways was people falling asleep at the wheel).
The price of independence is paying your own way.
Anyone claiming to be an expert is selling something. I brandish my ignorance like a crucifix at vampires. Aaron Bady
The taxes were collected, hauled to Washington to be divvied up (with the feds taking a fat cut for administration) then doled back out to the states.
With Montana, they withheld the taxes that Montana had collected for them and sent to Washington.
You might want to think twice about why a government that powerful is a good idea. I would think you libs would think twice, given some of the things Bush pulled while in office. The only real answer is never letting the government have such power to begin with.
We haven't had a 55mph speed limit in California for many years, why does the federal government impose that on Montana?
This was years back when the 55mph was mandated nationally.
I recall clipping down the interstate, feeling like a bad boy at 85mph, and getting passed nonchalantly by a state trooper going at least 110mph (but no lights/siren). Left me in the dust on his way to the local donut shop, no doubt.
BTW, they got a sudden dose of true religion the moment the highways turned icy. They had as much concern for real public safety and preventable accidents as any other state's cops in my experience.
The police and legislators in Montana (and Wyoming) both argued that the safest way to cross those vast stretches of rather monotonous landscape was by driving faster. The faster you cross it, the less time you have to fall asleep.
It was a good argument. And they had stats from earlier years showing they had fewer asleep-at-the-wheel deaths before the feds meddled.
The police and legislators in Montana (and Wyoming) both argued that the safest way to cross those vast stretches of rather monotonous landscape was by driving faster. The faster you cross it, the less time you have to fall asleep.
An engineer friend, who has probably had more to do with the development of air bags than anyone else, says the chances of anyone surviving a crash at 80mph is very slight.
Anyone claiming to be an expert is selling something. I brandish my ignorance like a crucifix at vampires. Aaron Bady
ays the chances of anyone surviving a crash at 80mph is very slight.
Especially if a truck going 65 is also involved. Montana also allows three trailer rigs in some spots.
Almost every country in the Middle East is awash in oil, and we have to side with the one that has nothing but joos. Goddamn, that was good thinkin'. Esso posted on 2012-01-13 7:37:56 ET
So your friend is the one responsible for so many unnecessary injuries to children and elderly caused by airbags?
Over an 18 year period, air bags have caused 290 deaths. Over the same period, they have saved 28,000 lives.
My friend may have developed the technology, but is not responsible for faulty manufacture or installation, nor for children who are not wearing seat belts or in popperly installed car seats.
Anyone claiming to be an expert is selling something. I brandish my ignorance like a crucifix at vampires. Aaron Bady
So your friend is the one responsible for so many unnecessary injuries to children and elderly caused by airbags?
You can blame the inventors of the automobile for that.
Almost every country in the Middle East is awash in oil, and we have to side with the one that has nothing but joos. Goddamn, that was good thinkin'. Esso posted on 2012-01-13 7:37:56 ET
Too bad Eric doesn't volunteer for a stint in Afghanistan or Iraq. Certainly a man of his vast expertise could teach them a thing or two on how to fight a war for oil.
You hypocritical libTURD HAG.
What makes you think that you have the right to ask anyone that question you vile hypocritical libTURD HAG?
You yourself have NEVER served even a single solitary second in the US ARMED FORCES, EVER; have you HAG?
I think that erica is a stupid bubble headed WOG b!tch, but SHE HAS SERVED.
HER sh!t is worth more than you two pitiful F'ing libTURD hags combined.
Why are you two HAGS such WHORES for tyranny whenever it's call libTURDISM?
Tell us all about it WHORES.
Spoiled, stupid and ignorant, brain dead phuckwads, libTURD fools, tools, and idiots, are the real sickness; the messiah "king" obammy and his regime are only the symptoms.
I'm not going to debate someone who can't determine where the burden of proof lies.
How about you try leading by example? You wrote So your friend is the one responsible for so many unnecessary injuries to children and elderly caused by airbags?
Where are your numbers, were's your your proof?
Anyone claiming to be an expert is selling something. I brandish my ignorance like a crucifix at vampires. Aaron Bady
You might want to think twice about why a government that powerful is a good idea.
I wouldn't hold my breath if I were you it probably wouldn't turn out too well..
What I really love is people think the government is a cure all for everything are the ones who haven't been out of the country to see what crappy governments are really like.... They also seem to think the government will give them things they can't afford to buy/do themselves, good luck with that.... By the time they figure out the truth it will too late, and they will whine incessantly that it wasn't their fault for being ignorant......
"If you voted for Obama in 2008 to prove you're not a racist, you'll need to vote for someone else in 2012 to prove you're not an idiot."
I wouldn't hold my breath if I were you it probably wouldn't turn out too well..
Better than being a kochsucker lackey. Try voting them out of office.
Almost every country in the Middle East is awash in oil, and we have to side with the one that has nothing but joos. Goddamn, that was good thinkin'. Esso posted on 2012-01-13 7:37:56 ET
All of the people killed by airbags are dead. What makes you think someone who's alive was saved by one?
My word, who can argue with logic like that?
Cars with automatic seat belts and airbags generally cost less to insure than those that do not come equipped with those safety features. Why Automatic Seat
Belts and Airbags Get Auto Insurance Rates Discounts
The reason automatic seat belts and airbag discounts can save you money on your auto insurance rates is quite simple. Because these features can reduce the chance and severity of injuries and save lives, the auto insurance companies will have to pay out less on medical bills and claims overall.
Not all vehicles come equipped with automatic seat belts and airbags. In the case of a severe accident, passenger vehicles with automatic seat belts and airbags have a higher survival rate. Seat belts and airbags save lives, and auto insurance companies will give you a discount on your auto insurance rates because they know it can save them money in the long run.
Better than being a kochsucker lackey. Try voting them out of office.
They're corporate lackeys and their masters can't be voted out of office in the voting booth.
Here is a free market alturnative to gas tax collection:
The government should apply a light touch to the collection system. Rather than relying on any particular technology, a more open approach would let the marketplace supply necessary data- collection equipment and services, certified for consistency.
Actual tax collection could be contracted to private companies, acting on behalf of the revenue agency. That way, market competition could drive down administrative costs. The government would oversee and certify providers to ensure fairness.
Paying the mileage tax could be as simple as paying a utility bill. Whether it will be as automatic as the gasoline tax embedded in a fuel purchase depends on which method motorists choose. In all cases, motorists will be better aware of the taxes they pay.
Public debate shouldnt be hampered by concerns about a new government bureaucracy or the privacy implications of collecting GPS data. Although a mileage-tax pilot program did involve GPS receivers, there was no retention of personal data or tracking of individual vehicle movements.
Public debate shouldnt be hampered by concerns about a new government bureaucracy or the privacy implications of collecting GPS data. Although a mileage-tax pilot program did involve GPS receivers, there was no retention of personal data or tracking of individual vehicle movements.
Don't be so foolish.
The original Social Security legislation absolutely forbade the use of a S.S. number for any other purpose.
Now it is tied to everything, including serving as your tracking number under ObamaCare.
If the information is available, the public and private sector will always misappropriate it. And the courts won't lift a finger to stop them.
You do love government. There is a definite pattern to your posts and political philosophy.
Trust us, we are the experts here. Your protests that you don't, ironically, just serve to prove our point.
Who is this "us" and "we" shit? Speak for yourself.
Almost every country in the Middle East is awash in oil, and we have to side with the one that has nothing but joos. Goddamn, that was good thinkin'. Esso posted on 2012-01-13 7:37:56 ET
Trust us, we are the experts here. Your protests that you don't, ironically, just serve to prove our point.
LoonyMing believes that she can overcome reality with the sheer volume of her posts. Keep in mind that when she knows *nothing* of the subject(s) she daily spouts off about, she thinks that- by virtue of the fact that she has the ability to view her opinion- that her opinion automatically carries an inherent level of validity.
Of course, her posting history amply demonstrates that the inverse is more correct: her idiotic posts should be dismissed out of hand!
Consider: she actually brags about how ignorant she is, in her sig. Given this point, how can one expect intelligent conversation from her? One might as well expect an intelligent discussion on classical music with the neighborhhod mutt...
To: mcToejam, rat-boy, drippy, Alzheimer Fred, whitesands, t-bird, loonymom, ming, e-type jackoff, goober56, wreck, cal-CON, rabid dog, dummy DwarF, biff, harrowup the communist, and meguro. You're on the "a waste of human flesh" list. Brian S[ocialist], you're a propagandist moron. ALL of you can piss off.
Without any doubt, the neighborhood mutts know more about Classical music and most everything else than you do erica.
But when talking about the HAGS, they know nothing.
They are just WHORES for tyranny as long as you call it "progressive" or "libTURDISM".
The question is not WHY are they such WHORES for tyranny, it is who cares what such FOOLS, TOOLS and WHORES say??
Spoiled, stupid and ignorant, brain dead phuckwads, libTURD fools, tools, and idiots, are the real sickness; the messiah "king" obammy and his regime are only the symptoms.