Big Oil continues to win

[QUOTE=GeoFisher;454464]WOW.....you don't CARE??............So it is completely OK to pass those costs along.....EVEN though the changes are pretty much meaningless.

[B]AND a Baseline TAX.....WTF.......I mean really. Doesn't that just force mid companies to never expand to be a big company. TALK about destroying the American Dream. Come on Tim .......you really don't believe that do you??[/B]

[B]And I agree on the tax breaks......to an extent. Lets revamp that, but certainly not now. We're in a pickle and quite a few companies rely on those breaks. I can probably name 100 or so in KY. That would be great to repeal the breaks, and cause 50% of those to move out on the country......GREAT IDEA, eh.......[/B]

Revamp, but do it responsibly.

Later,

Geo[/QUOTE]

Don't thsoe two statements contradict each other Geo?

It could be a sliding scale on tax breaks, the more profit, the less of a tax break you get. Think of it in these terms, Joe Bob's bait and tackle in Pickanose. West Viriginia gets a much larger tax break than Bass Pro Shops.

[QUOTE=Tim_T;454523]Don't thsoe two statements contradict each other Geo?

It could be a sliding scale on tax breaks, the more profit, the less of a tax break you get. Think of it in these terms, Joe Bob's bait and tackle in Pickanose. West Viriginia gets a much larger tax break than Bass Pro Shops.[/QUOTE]

Not really........and PROGRESSIVE taxes simply don't work. I HATE the idea that there are 40 million families that don't pay a red cent in taxes and in fact get back about 4-5k a year in "earned income". Great idea eh. I personally think corporations and individuals should all pay the SAME TAX........get rid of all these ******** deductions.............but in the situation we're in today, these changes would have to be implemented over time.

Later,

Geo

[QUOTE=GeoFisher;454527]Not really........and PROGRESSIVE taxes simply don't work. I HATE the idea that there are 40 million families that don't pay a red cent in taxes and in fact get back about 4-5k a year in "earned income". Great idea eh. I personally think corporations and individuals should all pay the SAME TAX........get rid of all these ******** deductions.............but in the situation we're in today, these changes would have to be implemented over time.

Later,

Geo[/QUOTE]


I agree that the changes would have to be implemented over time, but it has to start somewhere.

Imo a flat tax rate for all would be fair. Each person, regardless of income pays a certain percentage and everyone's percentage is the same.

One question, and I am serious because I don't know: Where did you get the 40 million family figure that pay no taxes? Do you mean they don't pay any taxes in but still get a return?

Where is the Like button :) :)

[QUOTE=Tim_T;454543]I agree that the changes would have to be implemented over time, but it has to start somewhere.

Imo a flat tax rate for all would be fair. Each person, regardless of income pays a certain percentage and everyone's percentage is the same.

One question, and I am serious because I don't know: Where did you get the 40 million family figure that pay no taxes? Do you mean they don't pay any taxes in but still get a return?[/QUOTE]

The tax structure in this country is broken...big time. Too lazy to look up stats, but yes there are millions who get more in a tax 'refund' than they pay in to begin with.

I'd vote for a flat tax in a heartbeat. They could burn all the volumes of tax codes and heat the whitehouse for a couple of years.

Using public opinion to target big oil tax breaks is easy right now for the Dems, and they never miss a chance for more funding of the ever expanding federal government.

How about other companies? Take General Electric for example, they make billions per quarter in profits, and after all their tax breaks they pay relatively little to the feds. Let's see the Dems drag Jeffrey Immelt, CEO of GE, and one of their biggest supporters before a committee to take away his company's tax breaks.

You cannot single out corporations and take away their tax breaks while leaving others alone. I believe the Republicans were correct on that issue.

I'm no big oil supporter, but I am big on common sense and fairness.