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Originally Posted by dellinger63
I don't think so.  |
I share 'Zigs frustration in lack of economic recovery.
No, I most certainly do not share your very unique fiscal policy positions.
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How many jobs, tax revenue and income would be raised by opening up Alaska for drilling?
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Dell - the oil companies were just
renewed for billions in federal tax dollar subsidies to prop up their industry. WE are paying for that! As we are already paying private companies billions in our tax dollars, and based upon their current corporate income tax payments, I doubt they will produce little to any "tax revenue" of note. They will continue to cost us billions of tax dollars, though. How can you
not be outraged at this, with your political views? Believe me, if we just gave away - last month! and we are broke! - billions in farm subsidies, or billions in another stimulus, or billions in Medicaid healthcare, you'd be screaming.
Blinkers
off, buddy!
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One year after the Deepwater Horizon oil rig exploded and caught fire in the Gulf of Mexico, killing 11 workers and causing the worst accidental marine oil spill in world history, BP posted first-quarter profits of $7.1 billion in 2011—a 17-percent increase over the same quarter in 2010, although 2 percent short of the figure analysts had predicted.
Exxon and Shell did even better. Exxon posted first-quarter profits of $10.65 billion—a 69-percent increase—and Shell's profits rose 33 percent to $11.56 billion.
Oil Subsidies No Longer Needed
Yet with oil companies pocketing record profits, and consumers paying some of the highest prices ever seen for gasoline, Congress continues to provide billions of dollars in taxpayer-financed government subsidies and tax breaks for oil companies while debating how to trim the federal deficit by cutting environmental protections and services for women, children, seniors and the poor.
Republican Budget Proposal Preserves Oil Subsidies
The 2012 budget proposal set forth by U.S. Rep. Paul Ryan, for example, would preserve $40 billion in federal oil-company subsidies over the next 10 years ($4 billion annually) while cutting $389 billion from Medicare for seniors, $735 billion in Medicaid, which provides medical services to Americans too poor to afford private health insurance, and $923 billion in discretionary spending on domestic programs.
http://environment.about.com/od/petr...-Companies.htm
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