Big Oil Buys Senate To Protect Government Subsidies (Corporate Welfare)
Via Think Progress: "In a 51-47 vote, 43 Senate Republicans and four Democrats filibustered to protect $24 billion in tax breaks for Big Oil. Although a majority voted for Sen. Robert Menendez's (D-NJ) bill, it fell short of the 60 needed...A Think Progress Green analysis shows how oil and gas companies have funneled cash to the same senators who protected its handouts...".* The Young Turks host Cenk Uygur breaks it down.
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Added: Mar-31-2012 Occurred On: Mar-31-2012
By: Ripper727
In: Politics
Tags: Big Oil, The Young Turks, Cenk Uygur, Government Subsidies, Corporate Welfare
Location: United States (load item map)
Marked as: approved
Views: 1439 | Comments: 22 | Votes: 2 | Favorites: 0 | Shared: 0 | Updates: 0 | Times used in channels: 2
By: Ripper727
In: Politics
Tags: Big Oil, The Young Turks, Cenk Uygur, Government Subsidies, Corporate Welfare
Location: United States (load item map)
Marked as: approved
Views: 1439 | Comments: 22 | Votes: 2 | Favorites: 0 | Shared: 0 | Updates: 0 | Times used in channels: 2
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Idiots don't realize that those tax breaks to oil help keep the cost of practically everything consumers buy manageable.
Businesses don't pay taxes. The cost of dealing with government gets passed to the consumer in the price of the product.
Posted Mar-31-2012 Byjpeterman57 (591.28) 
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@jpeterman57 they said something about your republicans and boom you just start making stuff up
Posted Mar-31-2012 Bybigoleboobs (671.04) 
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@bigoleboobs
He said something you couldn't challenge, and boom...you just make an irrelevant observation that absolutely addressed none of his points.
Posted Mar-31-2012 ByMomus (479.66) Momus View Channel Send Message
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Listen, children, this is REALLY how your government works. Big oil, big military contractors and big banks OWN your Senate and House.
Now, read below in the followng comments how dumb Alabamans excuse big oil allowing DC to continue to screw America!
Posted Mar-31-2012 ByNepean109 (1016.40) 
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BP gave a million to Obama before...
Posted Mar-31-2012 ByKing Kur (403.00) 
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"$24 billion in tax breaks for Big Oil"
Are they talking about depletion expense or actual checks written to the oil companies?
Oil companies involved in exploration get a couple of interesting write-offs.
1) Intangible drilling costs,
2) Percentage depletion expense.
Are these the two "breaks" or "subsidies" that they are talking about? Because if it is, then this is just political hyperbole. If it's not, then could someone direct me to the actual tax code, reg More..
Posted Mar-31-2012 ByYukon6400 (972.22) Yukon6400 View Channel Send Message
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@Yukon6400 Good luck on that one.
Posted Mar-31-2012 Bylonewolf6972 (677.66) lonewolf6972 View Channel Send Message
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@Yukon6400
Nepean109, by giving me a negative rating, are you saying we shouldn't know what subsidy they are talking about, or YOU know what the subsidy is and you don't want to share that, or what? Which part of what I said do you disagree with?
Posted Mar-31-2012 ByYukon6400 (972.22) Yukon6400 View Channel Send Message
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yeah, what's new?
for the LOVE of money is the root of all evil
Posted Mar-31-2012 BySantorum_2012 (109.70) 
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who could take this fat poser seriously?
oh right, democrats.
Posted Mar-31-2012 Bythinkslaughter (1489.70) 
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The funny thing is that americans are really convinced they have the moral and legal authority to lead the west. :)
Then one day they wake up to find out they have been torturing, killing, slaughtering civilians in wars based on fabricated claims... etc etc.
Perhaps one day they will realize that the talebans hadn't invented the "invisible airplane" technology yet and thus they were not behind 9/11 ;)
Posted Mar-31-2012 ByGShock112 (315.50) 
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~the smelly, young, commie turds. Hey, one thing these stupid lying leftist scumbags fail to tell us, is that there are no special tax breaks for oil-producers. The filthy lying dogs all know that ALL businesses get these same breaks. Have a happy day, stupid lemmings.
Posted Apr-1-2012 Bydfaugust2k (1397.20) dfaugust2k View Channel Send Message
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First to get the boot, Keith Olberman... Second to get the boot, Cenk Uyger !!
Posted Mar-31-2012 Bydeathtobinladen (167.08) 
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politics....many blood sucking insects
Posted Mar-31-2012 Bybigoleboobs (671.04) 
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and yes Stenk you lose..go cry to mommy
Posted Mar-31-2012 Bygtrgyro420 (2.80) 
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trillions in profit? mow much tax have they paid? how much charity have they given? how many lawsuits have they had to pay for killing a snail?
TURN EN LOOSE AND LET THEM DRILL!!! THE PRICE WILL COME DOWN!!!!!
dumb ass
Posted Mar-31-2012 Bydrop-top-pop (228.32) drop-top-pop View Channel Send Message
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@drop-top-pop wrong. it's who is buying the oil, who, since 2003, have been financial institutions. they are buying low and selling really really high.
Posted Mar-31-2012 Bybigoleboobs (671.04) 
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@bigoleboobs if supply is greater than demand, it will come down, thats basic economics. untill we have a leader who has a basic undersanding of economics and not a taste for distruction of our country, prices will stay high.
i only have a high school education, so please check me on this.
Posted Mar-31-2012 Bydrop-top-pop (228.32) drop-top-pop View Channel Send Message
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Five companies that made a trillion dollars in 10 years equals 20 billion in profit per year per company.
The gov't burns through that in less than 50 days.
So why did the Dumb Turd pick five companies and 10 years? It was the only way to make a number that sounded massive. Why didn't he pick 10 companies and 20 years?
Or more why didn't he more honestly pick the smallest company over one year and defend why it's acceptable to disadvantage them in comparison to the larger companies?
The TRUT More..
Posted Mar-31-2012 ByMomus (479.66) Momus View Channel Send Message
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Seems only fair, if we are going to subsidize Brazilian oil companies and our oil companies have to compete with them. I'm not sure what this idiots point is. You could apply his argument about political donations to unions and the Democrats. At least with corporations the monies are given voluntarily where as union rank and file have no say, only their commie leadership does.
Posted Mar-31-2012 ByEluf-ant (341.70) 
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@Eluf-ant stop playing the party card and think for yourself. the democrats and the republicans could give a shit about you. it doesnt matter if its an ass or an elephant they just want your vote, it is their job and they want to keep it
Posted Mar-31-2012 Bybigoleboobs (671.04) 
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@bigoleboobs - Nice try, but I'm a Libertarian. I only vote republican because they are the lesser of two evils, by quite a lot actually.
Posted Mar-31-2012 ByEluf-ant (341.70) 
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