Posts Tagged ‘windfall profits’
Just saying… Government collects about $60 billion a year on sales of gasoline at the pump
In 2010, the United States consumed about 3.28 billion barrels of gasoline. With 42 gallons per barrel, that’s 137.8 billion gallons. There are state and federal taxes collected at the pump. How much did government collect?
Read MoreTaxing banks guaranteed to increase fees, tighten lending
President Obama and Secretary Tim “TurboTax Screwed Me” Geitner approached the White House microphone today to bitch and moan about how much bank executives are getting paid, and announced a new tax plan to stick it to big-bank. The problem … big-bank will just pass along the tax burden to you.
Read MoreObama threats devalue health care industry insurance stocks
Well, when you threaten an industry with an additional $13 billion (at least) in taxes per year, implement a new health insurance government run “option” to “compete” that will undercut the price of current premiums, and then tax the living daylights out of many current private plans, what the hell do you expect?
Read MoreDemocrats, Obama send mixed message on energy policy
I have no idea where this ship is heading. Obama does not want to drill offshore, but is now willing to drill offshore. He did not want to tap into the strategic petroleum reserves, and now he does. Haven’t the Democrats been saying that we can’t drill out of this problem? Didn’t they say that…
Read MoreThe Democrat Agenda – Government Must Own Oil Industry
In the last month, at least two members of congress, Maxine Waters (D-Calif.) and Maurice Hinchey (D-N.Y.), called for nationalizing the oil industry. Read that sentence again. Can someone name for me any private industry that has been taken over by the government where service got better, quality improved, or costs went down? Certainly the…
Read MoreRepublicans Block Fuel Price Increase Proposed by Democrats
At least that’s how the headline should read. Liberals have not learned anything in decades, all they know how to do is tug at the heartstrings of the working family and promote feel-good legislation that does nothing. Point in fact; when you increase the tax burden on a business, the business is forced to make…
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