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Campfire Outfitter
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OP
Campfire Outfitter
Joined: Mar 2002
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Input email.nam.org The NAM (National Association of Manufacturers) is pushing back on a legislative proposal in the U.S. Senate that would raise taxes for energy manufacturers in the United States. The bill: Coming shortly after new sanctions targeting Russian energy imports, the legislation—called the Big Oil Windfall Profits Tax Act—would levy a new quarterly tax on large oil companies. This proposed excise tax would apply to every barrel of oil produced by large companies and would be equal to 50% of the difference between the current price of oil and the average price per barrel from 2015 to 2019. The revenue from this proposal would fund a new tax credit that would be paid to individuals on a quarterly basis. The problem: The bill would raise taxes on oil companies and other energy producers that are critical to the needs of the American people at a time when prices are already high—harming their ability to do vital work and raising costs further in an essential industry. A version of this proposal was signed into law by President Jimmy Carter and was repealed in 1988. Analysts found this tax increased America’s reliance on foreign oil and ultimately did not raise the revenues suggested by its proponents. Our action: The NAM is aggressively countering the proposal and standing up for America’s vital energy manufacturers. The association remains on guard against industry- and product-specific tax increases, which can inhibit growth, reduce the competitiveness of the targeted sector and distort resource allocation. Our take: “Our country is sacrificing to save the Ukrainian people, and this is a blatant political ploy to exploit a crisis to enact an extremist agenda,” said NAM President and CEO Jay Timmons. “American policymakers should be singularly focused on saving the people of Ukraine and ending a dictator’s expansionist ambitions, instead of attacking American businesses that are doing all we can to support our government’s efforts to bring about peace.” PS: I heard on the radio this morning that oil drilling permits in the United Sttes are down 85%. PPS: Putin didn't do it.
Don't blame me. I voted for Trump.
Democrats would burn this country to the ground, if they could rule over the ashes.
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Campfire Regular
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Raising taxes and spending more are always the solution for the democrats.
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Campfire Tracker
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Campfire Tracker
Joined: Sep 2021
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So Biden's first day in office he goes on the attack against the domestic energy sector. This has resulted in an energy sector less than eager to stick their neck out expanding production. This is then met with another Biden attack on the profits his policy generated through lower production and higher pump prices. The net effect of this will be yet higher production costs and yet higher pump prices.
Genius, pure, unadulterated genius.
Si Vis Pacem, Para Bellum
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Campfire Savant
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Campfire Savant
Joined: Apr 2011
Posts: 151,770 Likes: 17 |
Raising taxes and spending more are always the solution for the democrats. And giving more to the freeloaders
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Joined: Nov 2010
Posts: 19,019 Likes: 1
Campfire Ranger
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Campfire Ranger
Joined: Nov 2010
Posts: 19,019 Likes: 1 |
Raising taxes and spending more are always the solution for the democrats. And giving more to the freeloaders Before it’s over they’ll have gas cards to go with the EBT and WIC and o’bummer phones.
Dave
�The man who complains about the way the ball bounces is likely to be the one who dropped it.� Lou Holtz
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Campfire Outfitter
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Campfire Outfitter
Joined: Feb 2008
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I think they already have those
Beware of any old man in a profession where one usually dies young.
Calm seas don't make sailors.
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Campfire 'Bwana
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Campfire 'Bwana
Joined: Jun 2004
Posts: 34,277 Likes: 4 |
This is another tactic they are using to blame Big Oil for Biden's energy policies.
Attacking corporations, especially Big Oil, is a well know and very successful tactic. Look how many Union members hate the companies that gave them employment.
Give a man a fish and he eats for a day. Give a man a welfare check, a forty ounce malt liquor, a crack pipe, an Obama phone, free health insurance. and some Air Jordan's and he votes Democrat for a lifetime.
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"but, but,but" nothing that I or my administration did had anything to do with high gas prices, inflation, whatever. (sarcasm off)
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Campfire Regular
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im waiting to see earnings reports from big oil,
if they show big increases in profits next few quarters, they raised prices because there taking advantage of the situation, and should have the hell taxed out if them, if they show worse profits ever maybe they get some tax breaks,,
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Joined: Sep 2001
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Campfire Ranger
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Campfire Ranger
Joined: Sep 2001
Posts: 19,078 |
Raising taxes and spending more are always the solution for the democrats. And giving more to the freeloaders Before it’s over they’ll have gas cards to go with the EBT and WIC and o’bummer phones. I heard that is already happening.
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Campfire Ranger
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Campfire Ranger
Joined: Jan 2010
Posts: 23,554 Likes: 1 |
no one cares who is actually to blame
highest gas prices on his watch, the buck stops with him.
Americans are demanding he do something about it, he is telling them its up to Putin to decide whether we get cheaper gas or not.
huge tactical mistake for the supposed most powerful man in the world.
have you paid your dues, can you moan the blues, can you bend them guitar strings
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Campfire Outfitter
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Campfire Outfitter
Joined: Jun 2012
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im waiting to see earnings reports from big oil,
if they show big increases in profits next few quarters, they raised prices because there taking advantage of the situation, and should have the hell taxed out if them, if they show worse profits ever maybe they get some tax breaks,, Yeah, because taxation is always the answer.
Mercy ceases to be a virtue when it enables further injustice. -Brent Weeks
~Molɔ̀ːn Labé Skýla~
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Campfire Tracker
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Campfire Tracker
Joined: Dec 2017
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no one cares who is actually to blame
highest gas prices on his watch, the buck stops with him.
Americans are demanding he do something about it, he is telling them its up to Putin to decide whether we get cheaper gas or not.
huge tactical mistake for the supposed most powerful man in the world. I care who is to blame and I'm sure many others are too. This is pure and simple his/their plan all along, to raise fuel prices and promote the green new deal without having to get the votes for it. Throw in the global warming agenda and it's all wrapped up in a destructive plan of attack. If there ever was a time for a presidential recall we have it now!
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Campfire Outfitter
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Campfire Outfitter
Joined: Feb 2008
Posts: 8,590 |
im waiting to see earnings reports from big oil,
if they show big increases in profits next few quarters, they raised prices because there taking advantage of the situation, and should have the hell taxed out if them, if they show worse profits ever maybe they get some tax breaks,, Ok … Ya think Bi just open the National Oil Reserve because their to stupid to know Private Sector Oil and Gas Availability.. Maybe you think Bi just likes getting on his knees with the House of Saud and the Two Bit Dick in Venezuela begging for Oil.. The Majors are going to make money it’s call Supply and Demand Comrade.. Supply goes down price goes up.. Then there’s the Inflation thing..
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Joined: Jan 2001
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Campfire Kahuna
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Campfire Kahuna
Joined: Jan 2001
Posts: 59,170 Likes: 2 |
So Biden's first day in office he goes on the attack against the domestic energy sector. This has resulted in an energy sector less than eager to stick their neck out expanding production. This is then met with another Biden attack on the profits his policy generated through lower production and higher pump prices. The net effect of this will be yet higher production costs and yet higher pump prices.
Genius, pure, unadulterated genius.
LET'S GO BRANDON!!!
Ex- USN (SS) '66-'69 Pro-Constitution. LET'S GO BRANDON!!!
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Campfire Tracker
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This is a shake down of the oil co. The oil co will go make donations to campaign coffers. Then the restrictions will be lessened.
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Campfire Tracker
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Campfire Tracker
Joined: Dec 2015
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Whose idiotic idea was this?
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Campfire Ranger
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Campfire Ranger
Joined: Nov 2013
Posts: 28,836 Likes: 8 |
President Susan Rice, in cahoots with Focahontas…..
What fresh Hell is this?
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Campfire Outfitter
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Campfire Outfitter
Joined: Jan 2010
Posts: 10,731 Likes: 1 |
Raising taxes and spending more are always the solution for the democrats. And giving more to the freeloaders Before it’s over they’ll have gas cards to go with the EBT and WIC and o’bummer phones. I heard that is already happening. It is here in NY already.
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Joined: Oct 2004
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Campfire Kahuna
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Campfire Kahuna
Joined: Oct 2004
Posts: 50,169 Likes: 1 |
Only a f'cking idiot would believe that businesses pay taxes.
The only thing worse than a liberal is a liberal that thinks they're a conservative.
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