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Gougers, an endangered species

By Michael J. Smith on Thursday April 27, 2006 07:21 PM

My favorite bit in the Times piece that JSP mentioned earlier:
Democrats called for a 60-day halt on collecting federal gasoline taxes, which are 18.4 cents a gallon, but they were openly split about the more radical step of imposing a windfall profits tax on major oil companies.
JSP said
God love the best of the elephants, but aren't they still trying to slip big oil some more tarts, even as the nation stands as one and cries "cut their balls off!"
It would seem that as usual, the donks aren't far behind -- and coming up fast on the outside.


Comments (2)

js paine:

indeed a wind fall tax is the only real response
to the present
profiteers
pump rape

but only a working
veto proof
congress could
even bluff here

the logic
looking at this from
say the point of view
of an owner of domestic wells

even if we/they
do succeed in
hiding the true source
of hiked prices
and sustain this highjacking spree
we still can't benefit
if uncle wind falls it
all away

remember retro active levies are lawful

ps too bad it'll never pass the quarter pole even
because i'd love
to watch prices
slither back down to moderate levelswhich they would
just at the mere
30/70 chance
of such a wind fall tax
getting passed over
a prez veto

jsp:

in case the master's acute point was missed when he cites

"Democrats called for a 60-day halt on collecting federal gasoline taxes, which are 18.4 cents a gallon, but they were openly split about the more radical step of imposing a windfall profits tax on major oil companies"

here's how a tax rebate with out a wind fall propfit tax would work out

the oilers could keep the 18.4 cents

no pass thru inprice moderation follows from this cost reliewf

its like a deductable mortgage interest payment
if anything it increase prices


donkey
doodle dandy ...eh??

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