Who will win Senate 'big oil' tax fight?
March 28th, 2012
01:47 PM ET
2 years ago

Who will win Senate 'big oil' tax fight?

Washington (CNN) - Your pain at the pump is the U.S. Senate's top issue this week.

Senate Democrats and Republicans are arguing over a bill that would end billions in tax breaks for large oil companies - a proposal designed to tap into voter anger over rising gas prices heading into the general election.

FULL STORY

Filed under: Congress • Democrats • Energy • gas prices • Republicans • Senate
soundoff (43 Responses)
  1. Bemille

    There are plenty of liberals out there who would disagree with you, John.

    March 28, 2012 03:11 pm at 3:11 pm |
  2. Rudy NYC

    Truth and Nothing But the Truth

    Who cares? Take then all away, along with all the other subsidies for businesses INCLUDING these bogus green companies. We can't afford ANY of them. And it'll put a stop to the libtards constant chirping about peanuts but I'm sure they'll find something else to whine about, or somebody elses money to take.
    --------------
    But, conservatives won't go for that. How do you think oil companies can afford to make all of the generous campaign donations? Speaking of donations. Did you know that the Romney/Ryan tax plan would save the Koch brothers an estimated $4 billion annually?

    March 28, 2012 03:14 pm at 3:14 pm |
  3. Claudia, Phoenix, AZ

    Republicans are "big oil" and this is no more than political grand standing and payoffs, if it wasn't the price of oil at the pump wouldn't continue to climb. When the oil giants have lined their pockets with gold only then will be price drop. Remember they always make huge profits.

    March 28, 2012 03:20 pm at 3:20 pm |
  4. Squigman

    Who will win? Lets see, oh ya, BIG OIL, as always.

    March 28, 2012 03:21 pm at 3:21 pm |
  5. Wire Palladin, S. F.

    I find it amusing that the right wingnuts continue to be big corporation play things.

    March 28, 2012 03:28 pm at 3:28 pm |
  6. Malory Archer

    I recall very vividly during the 2000 presidential debates when the issue of oil & gas came up, the democratic candidate suggested that Americans ensure their tires were properly inflated and to perform routine maintenance to get the maximum milage from a gallon of gasoline. The tighty righties laughed at him and said his suggestion was "quaint".
    Perhaps he should have thrown in a line or two about vehicle maintenance creating jobs.

    I also vividly recall that the rethuglican candidate said he was going to "jawbone" OPEC to bring down the price of gasoline. Intelligent Americans laughed at him and said that was impossible. When prices began creeping to record levels, we laughed and said, "So, how's that 'jawboning' workin' for ya? Nobody was blaming him for higher prices, just mocking him for his pandering, misleading statements.

    March 28, 2012 03:29 pm at 3:29 pm |
  7. Malory Archer

    Trey

    Yeah, that'll cause costs to go down. Increase the taxes they pay.

    **************************************************************************************************

    By NOT handing YOUR tax dollars over to conglomo, inc., YOU will have more $$$ in your pocket, and will therefore be able to absorb the additional price at the pump. Or, you could drive less and put the extra $$$ into the bank.

    March 28, 2012 03:33 pm at 3:33 pm |
  8. Thomas

    @Four and The Door
    The real reason gasoline is so expensive? Because it's worth every penny of it. If it wasn't, there wouldn't be such a large market for it, would there? I don't buy so much of it since my car gets 35 mpg, but if I wanted a large car or truck that gets lower mileage then I would be making a choice that the gas price is worth it to go less distance with a gallon. Everyone makes their own choices, right?

    Your right , it's a world market and with increase demand from emerging growth countries it's a business.
    Yet Big Oil works the US like a Methadone Clinic dose a junky.

    Thanks to Obama and his presser on the Auto industry , we have and will have more energy efficient cars . Like the one your driving. Some choices are just stupid !

    A hummer in the back yard makes a great Grandma cottage !

    March 28, 2012 03:46 pm at 3:46 pm |
  9. GI Joe

    If Exon/Mobl can spend billions to advertise Canadian sand every day, they are making too much profit. Let them get their money from Canada.

    March 28, 2012 03:46 pm at 3:46 pm |
  10. demwit

    Yeah, let's take billions of tax dollars away from the 70% energy suppliers and give it to the 10% energy suppliers!
    The oil companies will just charge higher prices to make up for the loss. Sounds like a great solid energy policy!!! Oh...., wait a minute.

    March 28, 2012 03:47 pm at 3:47 pm |
  11. Truth and Nothing But the Truth

    Rudy NYC - But, conservatives won't go for that.
    --------------------
    Sure they would, try them.

    How do you think oil companies can afford to make all of the generous campaign donations?
    ==========================================================================
    You're joking right? What ever they get from the government is PEANUTS compared to what they pay, and there employees pay, and all the businesses that benefit from them pay. Maybe we should shutdown the evil oil companies for one year and we can all see how much they provide all of us and the government? I don't think you'd like the results.

    Speaking of donations. Did you know that the Romney/Ryan tax plan would save the Koch brothers an estimated $4 billion annually?
    -------------------------------------------------
    Well, you must be intimately involved in their investments and tax returns to know all this. But I doubt it is any different than what your buddy george Soros would gain, or Bill Gates, Warren Buffet, all the Hollywood elite that fund Obama, etc.

    March 28, 2012 03:50 pm at 3:50 pm |
  12. Dilip Samuels

    When Santorum's are appointed to the Supreme Court bad things happen to the silent majority of the poor Americans

    Health Care by Insurance Companies

    March 28, 2012 03:54 pm at 3:54 pm |
  13. Rudy NYC

    demwit

    Yeah, let's take billions of tax dollars away from the 70% energy suppliers and give it to the 10% energy suppliers!
    The oil companies will just charge higher prices to make up for the loss. Sounds like a great solid energy policy!!! Oh...., wait a minute.
    -----------
    Considering how they made $100 billion last year, taking away $4 billion would raise prices 4%. It's increased by almost double that since January, which was when at least two major gasoline refineries were shut down because of "low demand." But, that was also when the Obama administration first began to indicate that it would not approve Keystone. Coincidence?

    March 28, 2012 03:55 pm at 3:55 pm |
  14. Rudy NYC

    Truth bit:

    Well, you must be intimately involved in their investments and tax returns to know all this. But I doubt it is any different than what your buddy george Soros would gain, or Bill Gates, Warren Buffet, all the Hollywood elite that fund Obama, etc.
    ---------------
    Yeah, but those guys say they pay too little. Pop!

    March 28, 2012 03:56 pm at 3:56 pm |
  15. Truth and Nothing But the Truth

    Rudy NYC - The market dropped from 13,000 to under 7000 during the last 3 months of the Bush adminstration. We lost 8 million jobs during the final three years of the Bush administration, and were bleeding 750,000 per month when Obama was sworn in. Did we continue to lose jobs? Of course, but we lost fewer and fewer jobs per month.
    ===================================================================================================
    Well, that's what the country gets for taking control of the House and Senate out of Republican hands and giving it to the insane Harry Reid and nancy Pelosi. It's been ALL DOWN HILL since they took control in 2006. Hmmm.... a DIRECT correleation to the downward spiral you mention.

    The American people only half remedied the situation in 2010 but will get the job done in 2012.

    March 28, 2012 03:56 pm at 3:56 pm |
  16. Plantkiller

    I have never understood the advantage of a HSA. It reads like a sham product to me. Can anyone point out the advantages?

    March 28, 2012 04:01 pm at 4:01 pm |
  17. Plantkiller

    Okay. I'll try again. What are the advantages of an HSA?

    March 28, 2012 04:04 pm at 4:04 pm |
  18. Plantkiller

    Third time – what are the advantages of a Health Savings Account?

    March 28, 2012 04:05 pm at 4:05 pm |
1 2