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Fox News 'Dems Fail' 'Republicans lead charge' 'API... reminding'

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underpants Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jun-10-08 12:06 PM
Original message
Fox News 'Dems Fail' 'Republicans lead charge' 'API... reminding'
Senate Dems Fail in Bid
For Windfall Oil-Profits Tax

http://www.foxnews.com/story/0,2933,364846,00.html

Democrats' Oil Windfall Tax Plan Fails in Senate Vote

WASHINGTON — Senate Democrats failed to gain enough votes on an energy bill that would have imposed higher taxes on oil companies, which are making record profits as oil and gasoline costs continue surging higher.

Republicans led a charge against the tax, saying it would tinker with the market and lead to suppressed oil supplies at home, and wouldn't bring in the money as planned.


The American Petroleum Institute, which represents the major oil companies, has been reminding lawmakers that in the early 1980s, when the government imposed windfall profits taxes on oil companies, domestic oil production dropped and imports increased.

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ayeshahaqqiqa Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jun-10-08 12:09 PM
Response to Original message
1. GROW A SPINE
If nothing else, propose a bill allowing the import of air cars from India, and the encouragement of switching current cars over to alternative fuel.
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jimshoes Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jun-10-08 12:09 PM
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2. How about we just Nationalize you bastards.
What say you?
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underpants Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jun-10-08 12:10 PM
Response to Reply #2
3. to offset the nationalized airlines
actually we would end up with a huge profit on that

I'm all for it
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