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View Full Version : Obamo's Ridin Dirty Bill



Raymond Little
03-01-2009, 09:14 PM
Surely liking the price of gas these days, but they are soon to end. Buried down in Obamaís new budget are tax increases and repeals of tax breaks on gas companies that when totaled will increase your pain at the pump to the tune of $1.50 a gallon.
This is on top of their plan to tax your usage as well (http://www.progressiverailroading.com/news/article.asp?id=19793). Although the Obama administration is denying the latter, the underpinnings are already in the proposed budget. All of this is included in a whopping one-trillion dollar tax increase to begin in 2011.
But letís look at what that $1.50 increase in gas will do to our economy.
1. The aforementioned pain at the pump. Since Democrats were in such a hurry to blame gas company execs for the increase last year, who will they blame it on now?
2. The cost of consumables will skyrocket at a time when inflation is already in place. Say hello to $7.00 tomatoes, $6.00 for a gallon of milk.
3. Higher prices for commercial travel, and incidently more airlines forced to shut their doors due to higher fuel cost and lack of passengers due to to the fact they canít afford to fly.
In other words it will have huge negative affects

Hopefully this will drive the nail in his coffin but quite possibly Americas also. Gotta get new tubes for the families bycycles tomorrow and a goat to keep the grass short. Almost forgot, it is "Bush's" fault.

No We Can't Regards

Patrick Johndrow
03-01-2009, 09:20 PM
Obama and his crew will set liberal back 50 years with their bills...let's embrace this as the beginning of the end of liberalism in our lifetime.

M Remington
03-01-2009, 10:34 PM
Surely liking the price of gas these days, but they are soon to end. Buried down in Obamaís new budget are tax increases and repeals of tax breaks on gas companies that when totaled will increase your pain at the pump to the tune of $1.50 a gallon.
This is on top of their plan to tax your usage as well (http://www.progressiverailroading.com/news/article.asp?id=19793). Although the Obama administration is denying the latter, the underpinnings are already in the proposed budget. All of this is included in a whopping one-trillion dollar tax increase to begin in 2011.
But letís look at what that $1.50 increase in gas will do to our economy.
1. The aforementioned pain at the pump. Since Democrats were in such a hurry to blame gas company execs for the increase last year, who will they blame it on now?
2. The cost of consumables will skyrocket at a time when inflation is already in place. Say hello to $7.00 tomatoes, $6.00 for a gallon of milk.
3. Higher prices for commercial travel, and incidently more airlines forced to shut their doors due to higher fuel cost and lack of passengers due to to the fact they canít afford to fly.
In other words it will have huge negative affects

Hopefully this will drive the nail in his coffin but quite possibly Americas also. Gotta get new tubes for the families bycycles tomorrow and a goat to keep the grass short. Almost forgot, it is "Bush's" fault.

No We Can't Regards


RL, you really think that it's okay to give tax breaks to companies that are posting record profits? You conservatives harp on welfare until it goes to corporate America! Exxon Mobil and others are on the corporate tit--since Bush-Cheney didn't have the stomach to wean them, someone has to.

K G
03-01-2009, 10:38 PM
Hey Mark....let's nationalize the gas companies. We've already started on the banks, why not control the price of gas?

Maybe BHO is on to something regards, :cool:

kg

M Remington
03-01-2009, 10:54 PM
Hey Mark....let's nationalize the gas companies. We've already started on the banks, why not control the price of gas?

Maybe BHO is on to something regards, :cool:

kg

KG, this has nothing to do with nationalizing gas companies. It has to do with subsidizing companies that don't need it. Is there any difference between that and giving welfare benefits to undeserving people?

Raymond Little
03-02-2009, 08:23 AM
when totaled will increase your pain at the pump to the tune of $1.50 a gallon

Typical "LEFIST", Exactley Who do you think is going to be paying this GAS TAX????????????? TRICKLE DOWN MARX, WHY don't you
people ever get this simple principle?????????????? All taxes are passed down to the end user, ALWAYS!!!!!!!!!!!!!! Remember Clinton's Luxury Tax???? He wanted to soak the Rich, but ended up killing the Big Boat builders instead. It is called trickle down economics, I spend 1.5 mil on a sportfisher, guys below me on the economic scale have to be hired inorder to produce my boat. Everyone gets a chance to be employed to fill the orders that wants to get off their Butts. Those that do not, vote for a Socialist who claims he will REDISTRIBUTE THE WEALTH. What the "HandOut Crowd" does not understand is, they are still going to be on the Demorat Plantation since the Demorats only want them to have enough "Chedda" to buy the necessities of life. Full employment is a Socialist Utopia, there will always be those that are either too lazy or too addicted to practice self-preservation.
Don't worry Marx, I will be here to say I told you so in next year.

Fondest Regards
Raymond

code3retrievers
03-02-2009, 08:37 AM
Since when is a tax break a subsidy. These companies pay a lot of taxes and they are ultimately paid by the consumer.

Paying higher taxes regards

YardleyLabs
03-02-2009, 08:42 AM
Surely liking the price of gas these days, but they are soon to end. Buried down in Obamaís new budget are tax increases and repeals of tax breaks on gas companies that when totaled will increase your pain at the pump to the tune of $1.50 a gallon.
This is on top of their plan to tax your usage as well (http://www.progressiverailroading.com/news/article.asp?id=19793). Although the Obama administration is denying the latter, the underpinnings are already in the proposed budget. All of this is included in a whopping one-trillion dollar tax increase to begin in 2011.
But letís look at what that $1.50 increase in gas will do to our economy.
1. The aforementioned pain at the pump. Since Democrats were in such a hurry to blame gas company execs for the increase last year, who will they blame it on now?
2. The cost of consumables will skyrocket at a time when inflation is already in place. Say hello to $7.00 tomatoes, $6.00 for a gallon of milk.
3. Higher prices for commercial travel, and incidently more airlines forced to shut their doors due to higher fuel cost and lack of passengers due to to the fact they canít afford to fly.
In other words it will have huge negative affects

Hopefully this will drive the nail in his coffin but quite possibly Americas also. Gotta get new tubes for the families bycycles tomorrow and a goat to keep the grass short. Almost forgot, it is "Bush's" fault.

No We Can't Regards

I would love to see what creative math is used to support your contention that prices will go up $1.50/gallon. The proposed tax/fee increases (see http://online.wsj.com/article/SB123566872495184681.html) are expected to raise amounts paid by oil companies by about $3 billion/year as compared with the $80 billion/year now paid in taxes. $3 billion works out to a little over $0.02/gallon assuming that the whole cost is paid through gasoline prices, and none is pad through home heating oil or other oil usage. I think 1.5 cents/gallon is a closer estimate to reality.

Hoosier
03-02-2009, 08:59 AM
I would love to see what creative math is used to support your contention that prices will go up $1.50/gallon. The proposed tax/fee increases (see http://online.wsj.com/article/SB123566872495184681.html) are expected to raise amounts paid by oil companies by about $3 billion/year as compared with the $80 billion/year now paid in taxes. $3 billion works out to a little over $0.02/gallon assuming that the whole cost is paid through gasoline prices, and none is pad through home heating oil or other oil usage. I think 1.5 cents/gallon is a closer estimate to reality.

Even according to your math it's a $23,630,000,000 tax increase on people at the pump.

K G
03-02-2009, 09:23 AM
KG, this has nothing to do with nationalizing gas companies. It has to do with subsidizing companies that don't need it. Is there any difference between that and giving welfare benefits to undeserving people?

Hey Mark....loosen your grip, man....you are an "edge-of-the-seater" if I've ever seen one....:rolleyes:

I was being facetious....using a little "irony" if you will....call it "sarcasm" if you must.....bottom line is, I was kidding....:cool:

kg

road kill
03-02-2009, 09:44 AM
If we have learned anything in the last year about the pump, if the price get's to high, people won't buy.

Is this lesson forgotten already?

Raymond Little
03-02-2009, 09:59 AM
An Inconvenient Tax

Cap and trade yields 'climate revenues.' But don't call it a t--.


That didn't take long. The same week that President Obama promised (again) that "95% of working families" would not see their taxes rise by "a single dime," his own budget reveals that taxes will rise for 100% of everyone for the sake of global warming. Ahem.
You don't even have to burrow into yesterday's budget fine print to discover the "climate revenues" section, where the White House discloses that it expects $78.7 billion in new tax revenue in 2012 from its cap-and-trade program. The pot of cash grows to $237 billion through 2014, and at least $646 billion through 2019. If this isn't tax revenue, what is it? Manna from heaven? The offset from Al Gore's carbon footprint?
If it brings in revenue that the government then spends, it's a tax, and politicians should start referring to it as such. The Administration in fact projects that these "climate revenues" will become the sixth largest source of federal receipts by 2019, outpaced only by individual and corporate income taxes, payroll taxes for Social Security and Medicare and (barely) excise taxes. We're supposed to be living in a new era of fiscal honesty, so let's start with cap and trade.
Of course it's easy to see why Democrats don't want the public to think of cap and trade as a tax. Tax increases aren't popular, as Mr. Gore learned when he and Bill Clinton tried to impose a BTU tax in 1993. The complex cap-and-trade tax would ripple throughout the energy chain and ultimately the entire economy. All consumers, not just "the rich," would pay more for goods and services that use carbon energy -- though some would pay more than others. A majority of those "95% of working families" probably lives in the middle of the country that relies far more on manufacturing and coal-fired power than do the better-off coastal regions.
Mr. Obama's Energy Secretary Steven Chu was refreshingly candid on this point with the New York Times earlier this month. Given that higher prices are supposed to motivate the changes necessary to reduce carbon energy use, Mr. Chu said he was worried that climate taxes may drive jobs to countries where costs are cheaper. "The concern about cap and trade in today's economic climate," he said, "is that a lot of money might flow to developing countries in a way that might not be completely politically sellable." You are correct, sir.
Meanwhile, the political class loves a cap-and-trade tax because it gives them new economic and political power. Congress would create a new property right to expend CO2, setting a price per ton on carbon output, and then Congress would also get to determine the distribution of allowances. The Administration wants all of them to be auctioned off, which is what creates the giant revenue windfall. The politicians would then decide how to spend all of that new "climate revenue."
Mr. Obama's budget proposes to spend this windfall on two items: $15 billion a year in more subsidies for alternative fuels, and $65 billion or so a year to finance tax subsidies for workers, many of whom don't pay income taxes. In other words, once this cap-and-trade tax is on the books, the revenue stream will create political constituencies that depend on it.
No new pot of gold goes uncontested, however, so you can assume that Mr. Obama's priorities will not go unchallenged. Already on Capitol Hill, Charlie Rangel's tax committee and Henry Waxman's energy clan are feuding about who gets to divvy up the spoils. Not to mention who gets the political control that will become a source of tens of millions in new campaign contributions from thousands of affected businesses.
By the way, the Congressional Budget Office estimates that cap-and-trade taxes would actually throw off as much as $300 billion every year -- not merely $78.7 billion -- and in a footnote the Obama budget implicitly acknowledges that its $645.7 billion estimate is a lowball: "All additional net proceeds will be used to further compensate the public." No doubt

Raymond Little
03-02-2009, 10:04 AM
I would love to see what creative math is used to support your contention that prices will go up $1.50/gallon.

Jeff, please see my last post and remember that "YOUR MESSIAH" is flying all of these Taxes under the radar. Time for you and your Bretheren to get a reality check along with the Stimlus check.

Yes We Can Ruin The Country!

mjh345
03-02-2009, 10:11 AM
when totaled will increase your pain at the pump to the tune of $1.50 a gallon

to say I told you so in next year.

Fondest Regards
Raymond


Raymond, no need to wait till next year to pontificate; why don't you presently explain how this will add $1.50/ gallon to the price of gas.

While you are at it please explain how the "honest free market" oil companies have managed to raise the price at the pump 60 cents a gallon since November; while the price they are paying at the well head has dropped sharply?

road kill
03-02-2009, 10:22 AM
Raymond, no need to wait till next year to pontificate; why don't you presently explain how this will add $1.50/ gallon to the price of gas.

While you are at it please explain how the "honest free market" oil companies have managed to raise the price at the pump 60 cents a gallon since November; while the price they are paying at the well head has dropped sharply?
The prices dropped because the demand went down due to the HIGH prices.

If the tax goes to $1.50 a gallon and prices approach $4.00 a gal. the demand will go down again.
The domino effect from this tax reaches quite a ways down the chain.
It will be devastating if it happens.