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"Senate Democrats Unveil New Energy Tax Plan"
news.yahoo.com — Democrats in the Senate on Wednesday unveiled a new energy package that would revoke $17 billion in tax breaks extended to big oil companies like Exxon Mobil Corp and slap a 25 percent windfall profits tax on firms that don't invest in new energy sources.
roosevans- 17 diggs
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- roosevans, on 05/09/2008, -1/+4In legislation that will probably be resisted by the "Big Oil" supporting Republicans, the Senate Democrats are going after the ungodly profits of the big oil companies amassed while the price of gasoline and diesel is putting great strain on the American and global economy. American consumers and businessmen are with you Senators! Go get 'em Harry! (Reid, Senate Majority Leader)
- AlwaysAwake, on 05/09/2008, -3/+3Broadcast just in time to influence voters. PS. It hasn't been passed yet by both houses, and would undoubtedly be vetoed by Dubya. Getting an over-ride would be unlikely to say the least. This is just political posturing for gullible wishful "positive" thinkers.
- defska42, on 05/09/2008, -0/+4So they shouldn't attempt to pass any new legislation just because they think it will be vetoed? Our politicians should be out there proposing positive legislation regardless of the likelihood of it passing; keep trying to spread the will of the American people that voted for them.
- lazerus9, on 05/09/2008, -0/+3A more substantive approach would be to go after the oil companies with anti-trust legislation.
"Bust the Trust" .....What was old is new again.
- lazerus9, on 05/09/2008, -0/+3A more substantive approach would be to go after the oil companies with anti-trust legislation.
- defska42, on 05/09/2008, -0/+4So they shouldn't attempt to pass any new legislation just because they think it will be vetoed? Our politicians should be out there proposing positive legislation regardless of the likelihood of it passing; keep trying to spread the will of the American people that voted for them.
- ozymandias2012, on 05/09/2008, -0/+2This is the wrong way to do it. This will not help people.
- Shellius, on 05/13/2008, -0/+1What do you suggest then?
Something, anything different would help at this point. Some CEOs only understand the language of money, so if taxing them more helps I'm all for it.
- Shellius, on 05/13/2008, -0/+1What do you suggest then?
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