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223 Comments
- garryw, on 08/04/2008, -22/+61Let me ad some logic and be dugg down
1. Oil corporations don't (can't) donate to candidates
2. Oil employees and execs have donated to both Obama and McCain
3. kigcoopa84 is correct. Cutting taxes across the board for all companies does not say anything about oil favoritism.
4. If McCain was in the pocket of big oil, he would cut taxes for big oil, not an across the board tax cut
For all of you b^&hing about gas prices, how exactly does adding new taxes to oil (Obama's plan) help? Where is your logic? Please separate emotion from logic if you choose to reply. - inactive, on 08/05/2008, -13/+37Call me nuts, but I actually agree with Romney.
- kigcoopa84, on 08/04/2008, -11/+34oil companies are not the only corporations. That is like me saying obama supports drug users and criminals because he wants to give them a grand if he gets elected. Maybe only 3% fall in that category but that is a higher ratio than oil corporations compared to all other corporations.
- AtHomeBoy2000, on 08/04/2008, -31/+51“dishonest” and “below the belt"? How is ti dishonest? McCain wants to drop the corporate tax rates and that would give Big Oil $4 billion in tax cats.
It's not "dishonest" It's a fact. - spyd3rweb, on 08/05/2008, -13/+31When you tax a corporation, you're really taxing its customers.
- garryw, on 08/04/2008, -22/+38It's dishonest because corporations don't donate money, voters do. It's dishonest because Obama gets money from the same (oil industry) employees and execs. It's dishonest because across the board tax cuts help everybody who works for a corporation and does not give any preference to big oil.
An Example: If Nike lowers it's price on shoes and an oil worker buys them does that mean Nike supports big oil? Think about it. Across. The. Board. - fuzzynyanko, on 08/05/2008, -5/+21Should we be cutting taxes with the deficit so high?
- johndavidjack, on 08/05/2008, -0/+14Lowering prices greatly helps our farming (which helps food prices), shipping (trucks/boats/etc), transportation, etc.
Not everyone in America drives a Pruis. There will not be alternative energy sources for large vehicles that I mentioned above for awhile. - TheFinaleofSeem, on 08/05/2008, -4/+18In the meantime, the poor folks who are already suffering at the pump get to suffer even more. Inflation keeps driving the cost of everything up because it's more expensive to ship. Things keep getting worse, but hey, it'll drive us to more alternate fuels (as if prices aren't high enough to do that already). Brilliant!
- yoda133113, on 08/05/2008, -0/+10@Shiftgood
After Bush lifted the ban on offshore oil drilling (which does absolutely nothing since Congress still is banning it) oil prices went down as speculation went down. If we were to actually allow drilling speculators would sell even more, the speculators are in it for a future profit if they see that oil prices down the road are going to drop because of greater supply, then they stop buying, and the price NOW drops.
@TheGuruStud
Actually historically and to this day oil companies such as Exxon etc. make only 8-10% profit, and when their costs go down they drop prices and continue to only make that much, lowering their taxes will save all of us money. And since most companies buy gas to transport or make their product prices for almost everything will go down a little. - twomeyw23334, on 08/05/2008, -0/+10Ok, so as the U.S already has one of the highest corporate tax rates in the world, which is partially why it is so beneficial for U.S. companies to outsource work, should we raise taxes on ALL corporations even more!? Just to sock it to the evil oil companies.
Don't change the subject. McCain stands for a corporate tax cut, this isn't pandering to big oil by any means. Obama is reaching big time. He's acting scared and trying to bring an emotional response out of his puppets based on flawed logic.
If you think his logic is good then I suppose it would be OK for McCain to do a follow up ad proclaiming Obama wants to tax all non-oil corporations billions of dollars more than him, even solar corporations, as they ARE corporations.
That's right, Obama wants to tax solar corporations more than McCain! - vexingmodstwo, on 08/05/2008, -18/+28Mitt Romney is absolutely correct.
Obama and his socialist handlers are clueless when it comes to how business works. Maybe he should have held an executive position in something other than at the community center. - ThisistheEdge, on 08/05/2008, -4/+14Yes. And cutting spending while we're at it.
- Ridgeliner7, on 08/04/2008, -4/+13See my post below, Geraphix, and follow all the links. Those well-known right-wingers, the NY Times, and ABC News, are all cited, with links, showing what a *****-hole liar Obama is. Don't feel too foolish...lots of us have had their turn being had by The Chosen One.
- dexter411, on 08/05/2008, -3/+12If we want to increase taxes just to pay for more government programs, yes.
- vexingmodstwo, on 08/05/2008, -1/+10That question illustrates perfectly why leftists should stick to treehugging and let the big boys handle the finances.
- inactive, on 08/05/2008, -17/+26Thinkprogress and Huffington, what will they do when Barry Obama loses?
- ImperialRome, on 08/04/2008, -14/+22If you expect Big Oil companies to invest in new technologies, and new sources of cleaner energy, how do you get them to do it? By offering them tax breaks. Big oil companies are not run by a cabal of Rockefellers, they are run by shareholders, who are big pensions, and therefore what benefits those big oil companies also benefits pensioners.
Over half of Americans have significant amounts of their capital tied up in stocks, either through 401k or other private investment/retirement plans. Their money is invested in companies like this and they benefit as well, through better returns on investment and larger dividend checks. Benefitting American companies benefits Americans overall, and not just Big Oil.
But I suppose if your a "progressive" thats not fair enough. In their eyes, the benefits shouldnt be doled out on arbitrary things like hard work or savvy investing, they should be doled out equally by a nanny state that first taxes the corporations and then spreads out the money, as though that money was created by the government and not by the industriousness of those working for the corporation. - dunderballer, on 08/05/2008, -3/+11Romney plainly pointed out that that McCain does not support a SPECIAL DEAL to oil companies but supports corporate tax reductions across the board which is absolutely true. Just because I am an Obama supporter doesn't mean I can't view campaign issues objectively. It is unfortunate that thinkprogress can't either. Obama did stoop on this ad by not clarifying that it was employees of oil companies that donated the funds and by implying that the tax break was just for oil companies rather than for all corporations--particularly those in the higher brackets. While it is true that McCain stooped to releasing misleading negative ads first, and Romney falsely implied that Obama was the first to do so, neither excuses Obama from doing so.
- emjaymj, on 08/05/2008, -1/+9@Tenlow
Oh come on, even anybody that has taken high school economics knows that tax cuts are an effective way of stimulating the economy. - Latentk, on 08/05/2008, -4/+12Holy *****, Tenlow. I hope that for the love of god you are not of voting age. This is how Democratic Candidates continue to get into office, people like yourself seem numb to the reality of situations.
If we "remove" money from the government, thereby increasing the amount of money in our, or others, hands; would that not give you more money to spend and thus perpetuate us out of this recession? Hmm, more money means increased chance of spending which must mean more money all around. Are you retarded? Or just 10? - troylee17, on 08/05/2008, -11/+19Shocked!
Has the "I only support Obama, he is our Lord savior" crew gone on vacation? Where are the digg downs?
I am not a die-hard republican but I have been supporting what Romney, kigcoopa84, garryw, and ImperialRome have stated.
Tax cuts for oil companies (although not STRICTLY oil co's) help shareholders and consumers. The exec's at the top are going to make a lot of money either way, and there is a reason for that. While I'm indifferent between Obama and McCain, I personally think Obama has been blowing smoke up most of your arses. As a CPA, I'm sorry but Obama is wrong with his tax plan and will not do much good other than put our baby boomer parents in the poor house. I wish to God Ron Paul could win, but not a chance.
My vote will be written in: Stephen Colbert! (Frank Barry for VP) - vexingmodstwo, on 08/05/2008, -3/+11All the more reason to get the government OUT of business, doofus.
- radiofrequency, on 08/05/2008, -0/+8The U.S. is the largest generator of wind power in the world and oil companies, yes oil companies, invested in building that infrastructure. Despite all the supposed conflicts of interest between oil and alternative energy, you need to understand that oil companies are actually utilities whose goal is to provide energy. Oil executives will always pick the most efficient means to provide the energy. They spend R&D dollars to explore alternatives for competitive reasons and they spend those dollars much more effectively than the federal government.
- inactive, on 08/05/2008, -1/+9Why does his religion have anything to do with it?
- ramiro, on 08/05/2008, -1/+8BURIED for being dishonest and below the belt spam from ThinkBackwards.org
- slvrbullet87, on 08/05/2008, -6/+13Bitch for the next 4 years... kinda like they have been doing for the last 2
- cubicledrone, on 08/05/2008, -11/+18Corporations don't donate money?
What the *****? - ouorama, on 08/05/2008, -0/+7http://mjperry.blogspot.com/2008/07/exxon-posts-re ...
“Exxon paid (or collected) almost $3 in taxes ($32.361 billion) for every $1 in profits ($11.68 billion), see chart above.”
I'm getting sick of this oil bashing ***** in the media and in digg. People only report the profits made by Exxon and never how much Exxon paid in taxes. The US government makes more than twice the amount as Exxon makes for every gallon of gasoline. - inactive, on 08/05/2008, -5/+12Quick! Truth! Bury it!
- Vespa299, on 08/05/2008, -1/+8It is remarks like this that spread misconceptions about mormons.
Romney is an economic genius and I would like to see him as VP. - batmanz, on 08/05/2008, -2/+8Well, Obama would be preferrable, but if McCain has to win, lets hope he chooses Romney as VP, then dies.
- dexter411, on 08/05/2008, -12/+18"Corporations don't donate money?
What the *****? "
No. They don't. Election finance reform makes it illegal.
"More importantly, he wants to cut taxes across the board, at a time when we're nearing financial ruin, he wants to take more money out of the government."
1.) We're nowhere near financial ruin, kiddo.
2.) The economy is not an indicator of how much of our money our government has. Take a course in macroeconomics before saying stupid things like this. - JettaMan, on 08/05/2008, -6/+12That would be great if McCain or any other politician would drop tax rates for businesses. When businesses are taxed less, they thrive and we thrive. We're already paying about 35% taxes at the pumps.
- vexingmodstwo, on 08/05/2008, -1/+7Communism doesn't work dude.
- LunaticFringe, on 08/05/2008, -2/+8Yep. Corporations don't donate money. The recently deceased do. :)
- brightshadow525, on 08/05/2008, -4/+10So... When McCain has an ad that compares Obama to celebrities, Digg flips upside down and makes a complete joke of it....
When Obama makes a DISHONEST ad about McCain, it's perfectly okay. Hooray for Digg! /sarcarm - vexingmodstwo, on 08/05/2008, -0/+6Laughing at people like you?
- twomeyw23334, on 08/05/2008, -5/+11It's not dishonest, but Obama wants to tax solar and wind turbine corporations MORE than McCain. This is because he likes America having one of the highest corporate tax rates in the world (outsourcing anyone?). McCain wants to lower the corporate tax rate which will help solar panel corporations and such.
Obama supports greater taxes on solar corporations!!!!
What's dishonest with my statement? It's not "dishonest" it's fact. McCain should make an add about it so all the same Obama worshipers backing up Obama's distorted facts in this thread can then call McCain a liar. - vexingmodstwo, on 08/05/2008, -3/+9Just stop. Look up the term "profit margin" and then check out how low it is for oil companies. The "biggest profit" in history is the dollar amount because the price is high. But their profit margins aren't that high compared to other industries.
- twomeyw23334, on 08/05/2008, -3/+8That's an apologetic statement if I've ever read one. The add is clearly making it look like McCain is specifically targeting oil companies with tax breaks (did you watch it?). Are we supposed to pretend the add didn't distort facts!?
And if you really want to talk policy, do you really think a corporate tax cut should be littered with exceptions for various specific corporations that are the target of leftist hate at the moment. Even if you agreed with such a thing, it would seem better policy to issue a corporate tax cut and windfall oil profit / energy plan separately.
The idea that everything should be lumped into one giant policy is a bit absurd. This would be like me complaining that Obama wants to make health care more affordable to oil execs (because he wants to make it more affordable to everyone). That PIG!!!! - dexter411, on 08/05/2008, -0/+5PS: Not just corporate tax. Payroll, too.
- ThisistheEdge, on 08/05/2008, -2/+7Exxon, as a single company, will set a record this year it is estimated. It will be the first time in US history that a single company will pay more in income taxes than the bottom 50% of individual tax payers. Record profits=record taxes.
- YvesKlein, on 08/05/2008, -2/+7Ok. Increase the tax on oil then. Who do you think pays the taxes? The oil companies? Sorry, but like it or now it's the consumer who ends up paying in the end. Corporations don't pay taxes, consumers do.
- dexter411, on 08/05/2008, -0/+5"One company pays more in taxes than half the country? Now if you can't see the problem there, you have some serious reading comprehension issues."
... So you support lowering their taxes, too? Good.
Their profit is high in number, but not high (at all) in percentages. The 10% profit margin of Exxon is nothing compared to the 500%+ for some top computer and software companies. - yoda133113, on 08/05/2008, -0/+5I say we cut all the taxes that a corporation pays, corporations by their very nature don't pay taxes, their owners/shareholders do, their employees do, or their customers do, the corporation just collects it from them and gives it to the government.
- dexter411, on 08/05/2008, -0/+5Yep. Absolutely. I suggest that cutting the corporate tax rate would result in (on average) a 20% drop in the price of everything.
- radiofrequency, on 08/05/2008, -3/+8The Obama campaign's ad doesn't warrant a response from Romney or anyone. The democrat's energy plan is to tax Americans into the age before electricity and waste money on the types of people who think there's a market for charging for the air we breathe in the interest of "saving the environment".
- vexingmodstwo, on 08/05/2008, -1/+5OMG. Why wouldn't they pass on as much as they could? Lemme guess, English major? No, wait, philosophy, right?
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