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Dems want "Reasonable Profits Board" for oil companies

Published:

http://thehill.com/blogs/floor-action/house/205085-dems-propose-reasonable-profits-board-to-regulate-oil-company-profits

The Democrats, worried about higher gas prices, want to set up a board that would apply a "windfall profit tax" as high as 100 percent on the sale of oil and gas, according to their legislation. The bill provides no specific guidance for how the board would determine what constitutes a reasonable profit.

 

Not that this money would be returned to the consumer, just that the gov't would get to dole the money out to their buddies.

Do people realize how many products from foods, plastics, chemicals, medicine are derived from oil?

Keep harassing businesses and they'll go away. Halliburton might decide that Dubai HQ is all it needs.

Entry #705

Comments

1.
JAP69Comment by JAP69 - January 22, 2012, 11:49 am
These dems will eventually try to nationalize oil companies in America.
I remember a video clip of a dem at a hearing mentioning nationalizing oil.
They never give up.
Vote them all out of office to solve this dem problem.
Tea anyone LOL
2.
time*treatComment by time*treat - January 22, 2012, 1:15 pm
You're thinking of Maxine Waters.
3.
JAP69Comment by JAP69 - January 22, 2012, 1:40 pm
Now that you have refreshed my memory that is who it was.
Thanks
4.
rdgrnrComment by rdgrnr - January 22, 2012, 4:32 pm
They don't come much dumber or more arrogant than Maxine.
Of course, dumb and arrogant usually come together.
And here we have a government that has put us trillions of dollars in debt that wants to regulate the oil companies because they know what's best.
5.
Boney526Comment by Boney526 - January 22, 2012, 9:27 pm
What an "awesome" idea.

I know how to lower the price of Gas. TAX IT AT 100%!

Oh and to create jobs? Tax businesses out of themselves!

Let's also tax the ability to live, and tax the right the right to vote.

That'll create jobs.

Then let's tax the right to pay taxes. Because then we'll create jobs. Let's also tax job creation, because, you know, government creates all of our jobs.

The company I work for totally isn't a "corporation" or anything.

Ignorance....
6.
sully16Comment by sully16 - January 22, 2012, 10:01 pm
A "WINDFALL PROFIT TAX" ???????? Okay you morons, then I say we start with your wages, after all you did vote yourself huge pay increases behind our backs, and I most certainly believe if your going to put your kids and grandkids on your medical, dental, optical, all paid for with tax payer dollars, I say that is most certainly a windfall, since my grandkids will be paying for your bullsh*t.

Oh Gee, I just had another thought, maybe if we let companies drill in America like they used to, prices will be lower and , and just one more thought maybe hundreds and thousands of folks will be back to work, just a small idea.
Obama sent 2 BILLION Of our tax dollars to Brazil so they could drill deep sea drill for oil for China, Just maybe we could put our people back to work.
Oh, I almost forgot, drilling for oil could hurt some critters, except when we had a oil disaster of all disasters, they downplayed the death and destruction of the sea-life and confiscated all pictures and kept the media away so americans wouldn't get a full view of our Governments lack of leadership in getting this mess cleaned up.
So which is it, so dangerous critters will croak, or nothing to see here folks ?????????
Put Americans back to work. Drill baby Drill.
7.
jarasanComment by jarasan - January 23, 2012, 9:26 am
Fascism Goes Wild!

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