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  1. So, we’re going to punish domestic oil production with higher taxes while subsidizing foreign energy production in Brazil.

    Yeah, that’ll work.

    Is it possible the Democrat agenda is to deliberately drive up the cost of energy to drive their various agendas? Force people to concentrate in urban areas and make them dependent on public transportation? Raise the price of food to combat obesity? Punish oil-producing red-states like Texas for not supporting the regime? Reduce the huge cost disparity between hydrocarbon and “green” energy?

    Comment by V the K — May 18, 2011 @ 2:03 pm - May 18, 2011

  2. In honest language, the Democrats want to *raise taxes* on oil companies.

    As to how it could help the price of gas: It can’t. It’s illustration #38,288,981 that with Democrats, the solution to any problem is *always* to try to grow government. That is partly why I stopped being a Democrat a few years ago (went Independent).

    Comment by ILoveCapitalism — May 18, 2011 @ 2:25 pm - May 18, 2011

  3. When will people get it through their thick heads that CORPORATIONS DON’T PAY TAXES. People do, i.e., that expense gets shifted to the bottom line. Raising corporate taxes makes things more expensive, and the consumer pays the bill.

    Get a clue, morons!

    Comment by bastiat fan — May 18, 2011 @ 2:35 pm - May 18, 2011

  4. This is just another P.R. stunt on the part of Democrats….. However, whats really ticking me off is how senators Snow and Collins are proving to be RINOs. Had they voted no on this bill, it would have been a tie vote and Biden would have been called in to break the tie. We know how the VP would have cast his vote, but would have been more in our favor as a result.

    Comment by Spartann — May 18, 2011 @ 2:40 pm - May 18, 2011

  5. It won’t. The Democrats are trying to deflect the high gas prices & inflation on energy by demonizing oil. Will it work? I don’t think so. This only worked in 2008 for Obama because people were tired of President Bush. Now, the Democrats have control of the White House, Senate, & House for the past 2 years, yet under Obama, gas prices have risen since he became President. President Obama has some explaining to do, but all the talk in the world will not keep the EPA from closing off Alaska & every other resource as gas prices continue to rise.

    This is a political cheap stunt to backfire on the Democrats.

    Comment by Sebastian Shaw — May 18, 2011 @ 3:07 pm - May 18, 2011

  6. The math here is very simple.

    To use an example, ExxonMobil, who does all the work of finding, producing, and transporting the gas, earns a profit of roughly two cents per gallon.

    The Federal government, who does none of the work, earns a profit of eighteen-plus cents a gallon.

    If the Obama/Pelosi/Reid cabal want to cut gas prices, they could stop taking their own profits and drop them overnight.

    But they won’t. They’ll just lie, as liberals and Obama Party members do.

    Comment by North Dallas Thirty — May 18, 2011 @ 4:01 pm - May 18, 2011

  7. It’s simple: the bill did not intend to have any effect on gas prices. The bill was to stop one of the more egregious cases of corporate welfare. You asshats go from screaming about the deficit to screaming about the “unfairness” of elminating tax breaks for companies that clearly do not need them. Your corporate overlords are very happy, I am sure.

    Comment by PeeJ — May 18, 2011 @ 4:55 pm - May 18, 2011

  8. PeeJ, first, thanks for helping make my point!

    And if this is such an egregious case or corporate welfare (as you claim), why then did Democrats not include (in their legislation) other companies who benefit from such tax breaks?

    Comment by B. Daniel Blatt — May 18, 2011 @ 5:00 pm - May 18, 2011

  9. So, in Peej’s uniquely inane worldview, we should all be punished with higher gas prices so Dramacrat politicians can get their revenge on oil companies.

    Comment by V the K — May 18, 2011 @ 5:44 pm - May 18, 2011

  10. Oil companies pay the government 18.75% in royalties for oil taken off federal land.. Likewise, coal companies pay the feds 12.50% off the top, for the coal they mine in Uncle Sam’s back yard. However, companies that mine for gold in America, pay zero, zip, nada.

    Now Harry Reid says he’s just looking out for the interests of the poor gold miners… And since most gold mines are located in Nevada, it’s not a stretch to imagine the Senator’s intentions are honorable. Well, except for one thing. Harry Reid received $750,000 in campaign donations from the owners of Nevada gold mines, not the people that labor in them.

    .

    Comment by Spartann — May 18, 2011 @ 5:54 pm - May 18, 2011

  11. I have been screaming at the TV for weeks waiting for someone to make this point. In fact, I almost crushed the handset of my phone some time ago trying to call in to C-Span when they had some administration apparatchik talking about this very thing.

    These people are the ARCHITECTS of the high oil prices, and they baldly claim that closing a $4 billion tax deduction (not a subsidy as they like to say) will somehow reduce the price of gas through the magic of tachyon beams and unicorn farts or something. To call this crap a bunch of lies defames the noble art of lying by a politician – used to be they’d be more creative than this.

    Sorry for the rant; you’ve already said all this much more eloquently than I could. I needed the catharsis though, so thank you for that. Blood pressure’s backed off a bit now…

    Comment by CJSimones — May 18, 2011 @ 6:05 pm - May 18, 2011

  12. OK. I have a plan for Peeing Jay and all other Big Oil haters.

    1.) Let Big Oil find the oil where they can and at whatever it costs them.

    2.) Let them sell it for what they can get for the oil.

    3.) Regulate Big Oil any way you wish.

    4.) Put all the taxes you can dream up on the final project.

    5.) See whether Big Oil moves to Fiji and sells to the highest bidders world-wide.

    If I were in Big Oil, I would not play games with any government that has its hands on my throat choking me. I would sell to China, Japan and every other thirsty country that is trying to support a basic economy. To Hell with the United States. Let the fabulous US government acquire it’s energy needs with it’s own government genius.

    Liberal idiots are quick to tax windfall profits, but run the other way when the dry wells and downturns screw the producer. Every farmer knows about planting one for fox and two for crow. Every paneled library know-it-all has no concept of unpredictable business cycles.

    Comment by Heliotrope — May 18, 2011 @ 6:58 pm - May 18, 2011

  13. Heliotrope, it’s all about that hate thing. The Democrats don’t see taxing the bejeezus out of oil companies as a component of a rational economic or energy policy; this is about the Democrat base that hates oil companies and wants them punished. Exactly like Peej says.

    Comment by V the K — May 18, 2011 @ 7:04 pm - May 18, 2011

  14. Ok, let’s cut a deal then. End these so-called tax subsidies in exchange for opening up every single oil field onshore and along the coast.

    Comment by JohnAGJ — May 18, 2011 @ 8:21 pm - May 18, 2011

  15. V the K,

    When Peeing Jay comes by my survival shelter, he will have to talk to Mr. Shotgun or leave a calling card. And he had better skedaddle quickly, because Mr. Twenty Gauge is temperamental and short on attention span.

    If that sounds peevish, it is because Mr. Double Barrel and I don’t suffer fools gladly.

    Comment by Heliotrope — May 18, 2011 @ 8:54 pm - May 18, 2011

  16. I assume like Sen. Reid, TrollJ isn’t concerned about the constititutionality of the bill?

    Comment by The_Livewire — May 19, 2011 @ 7:42 am - May 19, 2011

  17. Boy, that Evil Clinton!!! (btw PJ that is who signed those tax codes (not subsidies, not “welfare”, not Tax Breaks, but Tax Codes) into law for corporations (not just oil, but all corps.) as a way to promote job growth and all the benefits of that to the economy. Giving Clinton what little credit he is due, as President with the Republicans he did sign lots of stuff that helped us…see al that bragging about balancing the budget and the jobless rates he then Bush engendered.
    Put is this way PJ (the only lib I’ve seen actually try to defend this in any way one the forums/blogs I frequent btw) Food is getting higher priced…Lets change the Tax Code to raise Farmers taxes!! That’ll do wonders for the economy!
    This is all a ploy by Dems to look like they are actually doing something to help us while not doing a damned thing or the opposite of what 90% or the populace (and likely way more than 90%) want and that is lower food and fuel prices (you know…the two things they no longer count toward inflation)

    Or even simpler…Everyone calling themselves PeeJ is making too much so we are going to change the tax code so all those calling themselves PeeJ are “Going to Pay Their Fair Share”

    Comment by JP — May 20, 2011 @ 5:06 am - May 20, 2011

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