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TSR
Rancher
Joined: 27 Apr 2005
Posts: 1580
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 Posted: Thu May 08, 2008 2:25 pm Post subject: |
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| aplusmnt wrote: |
| TSR wrote: |
No What I am saying is tax breaks, in my opinion, should go primarily to small start up companies who want to keep jobs right here in America. After they start turning a profit consistently then those tax breaks need to be phased out. JMHO |
Instead of getting hung up on words like "Tax Breaks" why don't you look above and see that a company like Exxon payed almost 50% of their gross profits in taxes. If they would not have gotten these tax breaks what would they have had to pay in 75%?
Corporate taxes are to high in America, that is one reason we have businesses leaving for other countries. And Libs like you want to tax those few that are left and profitable so they leave also?
Exxon paid a higher percent of gross profits in taxes than the average corporation, any tax breaks are a mute point! Be happy for the fact there is an American company still providing good jobs and keeping the economy rolling. |
Let's clarify one thing here, Aplus, when you quote Exxon as having paid 50% in taxes, lets be sure that everyone knows the entire 50% didn't go to the United States.
Everyone needs to read the entire article especially about the 17 billion in tax breaks Exxon is starting tp reap from the US(thats besides what it is already getting) as the article says the United States gov is much kinder to Exxon than foreign goverments, with respect to taxes.
Let's see if the average was 50% worldwide and the US share was 34% (Of course you would have to consider those tax breaks you don't want anyone getting hung up on) Then somewhere they are paying a heck of a lot more than 50%, maybe they will leave that country and relocate here to escape those taxes. Then you can tell those countries about how they ran off a great company.  
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Oldtimer
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Joined: 10 Feb 2005
Posts: 24325
Location: Northeast Montana
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| Posted: Sat May 10, 2008 3:10 pm Post subject: |
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Gas Prices Got You Down? Oil and Gas Companies Want You to Back Them Up.
Published on May 9, 2008 1:54 PM
Oil and gas companies already have a pretty comfortable financial relationship with Congress, and now they're reportedly re-routing some of their money to an effort to lobby a different demographic--you, the disgruntled consumer. With gas prices sky-rocketing just in time for summer vacation, oil and gas producers are launching a multi-million-dollar campaign to appeal to voters, the Washington Post reported. As Congress debates whether to rescind billions of dollars of tax breaks for the industry and slap new taxes on it, oil producers hope voters will convince lawmakers that the pain at the pump isn't the industry's fault.
Spending a few million dollars on a public campaign is a drop in the oil barrel for an industry that has given $213.4 million to federal politicians and parties since the 1990 election cycle (75 percent of that went to Republicans) and spent $616.3 million lobbying since 1998 (making it the 8th highest spender among all industries). And as drivers are feeling increasingly pinched at the pump with no end in sight, Exxon Mobil alone reported a 1st Quarter profit of $10.89 billion.
http://www.opensecrets.org/news/2008/05/gas-prices-got-you-down-oil-an.html |
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Steve
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Joined: 13 Feb 2005
Posts: 9045
Location: Wildwood New Jersey
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