Democratic Underground Latest Greatest Lobby Journals Search Options Help Login
Google

Congress plans to quadruple oil tax used to finance cleanups

Printer-friendly format Printer-friendly format
Printer-friendly format Email this thread to a friend
Printer-friendly format Bookmark this thread
This topic is archived.
Home » Discuss » Latest Breaking News Donate to DU
 
Ed Barrow Donating Member (585 posts) Send PM | Profile | Ignore Mon May-24-10 05:11 PM
Original message
Congress plans to quadruple oil tax used to finance cleanups
Source: Associated Press

WASHINGTON -- Responding to the massive BP oil spill, Congress is getting ready to quadruple -- to 32 cents a barrel -- a tax on oil used to help finance cleanups. The increase would raise nearly $11 billion over the next decade.

The tax is levied on oil produced in the U.S. or imported from foreign countries. The revenue goes to a fund managed by the Coast Guard to help pay to clean up spills in waterways, such as the Gulf of Mexico.

The tax increase is part of a larger bill that has grown into a nearly $200 billion grab bag of unfinished business that lawmakers hope to complete before Memorial Day. The key provisions are a one-year extension of about 50 popular tax breaks that expired at the end of last year, and expanded unemployment benefits, including subsidies for health insurance, through the end of the year.

The House could vote on the bill as early as Tuesday. Senate leaders hope to complete work on it before Congress goes on a weeklong break next week.






Read more: http://blog.al.com/live/2010/05/congress_plans_to_quadr...
Printer Friendly | Permalink |  | Top
Supply Side Jesus Donating Member (1000+ posts) Send PM | Profile | Ignore Mon May-24-10 05:14 PM
Response to Original message
1. DOA
Ain't going anywhere with the developing disaster in the gulf
Printer Friendly | Permalink |  | Top
 
wtmusic Donating Member (1000+ posts) Send PM | Profile | Ignore Mon May-24-10 05:16 PM
Response to Original message
2. We should be octupling the oil tax
and putting the remainder into inspection and prevention.
Printer Friendly | Permalink |  | Top
 
bluestateguy Donating Member (1000+ posts) Send PM | Profile | Ignore Mon May-24-10 05:16 PM
Response to Original message
3. Will there be some kind of guarantee that the tax won't simply be passed on to us?
Namely in the form of higher gas prices? If the bill does not forbid them from simply passing the costs on to consumers, you can count me as a no.
Printer Friendly | Permalink |  | Top
 
wtmusic Donating Member (1000+ posts) Send PM | Profile | Ignore Mon May-24-10 05:18 PM
Response to Reply #3
4. Are you kidding?
The price of oil is unregulated, and will absolutely be passed on to the consumer.
Printer Friendly | Permalink |  | Top
 
inna Donating Member (1000+ posts) Send PM | Profile | Ignore Mon May-24-10 06:40 PM
Response to Reply #4
9. Absolutely. That goes without saying.
Printer Friendly | Permalink |  | Top
 
Synicus Maximus Donating Member (828 posts) Send PM | Profile | Ignore Mon May-24-10 05:24 PM
Response to Original message
5. Of course the tax will be passed to us. Companies don't pay
taxes they just collect taxes.
Printer Friendly | Permalink |  | Top
 
madrchsod Donating Member (1000+ posts) Send PM | Profile | Ignore Mon May-24-10 05:32 PM
Response to Original message
6. do they really think we are that stupid?
we will pay for the clean-up.
Printer Friendly | Permalink |  | Top
 
Union Yes Donating Member (1000+ posts) Send PM | Profile | Ignore Mon May-24-10 06:06 PM
Response to Original message
7. Far too much spine. I'll believe it when it's law. But still a K&R for the novel concept.
:hi:
Printer Friendly | Permalink |  | Top
 
Paper Roses Donating Member (1000+ posts) Send PM | Profile | Ignore Mon May-24-10 06:26 PM
Response to Original message
8. One way or another, the price of this clean-up is ours.
Gas prices will go up, then the cost of everything else will go up. Cost of fuel to ships goods.

Count me madder by the day.
Printer Friendly | Permalink |  | Top
 
saigon68 Donating Member (1000+ posts) Send PM | Profile | Ignore Mon May-24-10 08:26 PM
Response to Reply #8
13. We will have a one term occupant
Edited on Mon May-24-10 08:26 PM by saigon68
Printer Friendly | Permalink |  | Top
 
wordpix Donating Member (1000+ posts) Send PM | Profile | Ignore Mon May-24-10 08:35 PM
Response to Reply #13
17. mark my words, "Obama's Katrina" will give him one term unless he gets control NOW
Edited on Mon May-24-10 08:36 PM by wordpix
and I don't see him doing that at all---witness the new oil drilling since the Blowout
Printer Friendly | Permalink |  | Top
 
saigon68 Donating Member (1000+ posts) Send PM | Profile | Ignore Tue May-25-10 12:18 PM
Response to Reply #17
19. It will be very hard to motivate me
Printer Friendly | Permalink |  | Top
 
lark Donating Member (1000+ posts) Send PM | Profile | Ignore Tue May-25-10 03:45 PM
Response to Reply #17
20. I won't vote Repug
but won't vote for Obama again either unless he gets his act together and quits aiding and abetting this immoral, heinous company. Either he's for the environment and the people or he's not. Either he is going to take over and introduce a science based solution or he's going to let BP stonewall and drag their feet until the whole Gulf and Atlantic coasts are toast. I want action - I want all drilling stopped, I want the BOP tested in deep waters to see if they work and if not any deep water rigs indefinitely suspended until they implement the better acoustic version. I want all work stopped until the oil companies are completely responsible for any and all damages. I want everyone who worked for MMS to be fired unless they are a scientist working there for more than 8 years (prior to BFEE). I want no environmental waivers - EVER. What the F is wrong with him, that he's tolerating this horrible nightmare and doing nothing?
Printer Friendly | Permalink |  | Top
 
Dont_Bogart_the_Pretzel Donating Member (1000+ posts) Send PM | Profile | Ignore Mon May-24-10 08:31 PM
Response to Reply #8
15. Don't forget, their profits will go up also
:mad:
Printer Friendly | Permalink |  | Top
 
jtrockville Donating Member (1000+ posts) Send PM | Profile | Ignore Mon May-24-10 07:16 PM
Response to Original message
10. Maybe this will garner support for transitioning away from fossil fuels.
Printer Friendly | Permalink |  | Top
 
Synicus Maximus Donating Member (828 posts) Send PM | Profile | Ignore Mon May-24-10 07:53 PM
Response to Reply #10
11. Just like we did after the Exxon Valdez
Printer Friendly | Permalink |  | Top
 
jtrockville Donating Member (1000+ posts) Send PM | Profile | Ignore Mon May-24-10 08:00 PM
Response to Reply #11
12. Argh, you're right. I claim temporary insanity.
Printer Friendly | Permalink |  | Top
 
wordpix Donating Member (1000+ posts) Send PM | Profile | Ignore Mon May-24-10 08:37 PM
Response to Reply #10
18. dream on, the BigOil corporatists are in charge---they won't give up their system
making them tens of billions in profits each year, or each month---no way.
Printer Friendly | Permalink |  | Top
 
DatManFromNawlins Donating Member (640 posts) Send PM | Profile | Ignore Mon May-24-10 08:29 PM
Response to Original message
14. I guess if you give Congress a knife...
... they really CAN cut their own throats. What utter idiocy.
Printer Friendly | Permalink |  | Top
 
wordpix Donating Member (1000+ posts) Send PM | Profile | Ignore Mon May-24-10 08:34 PM
Response to Original message
16. hahahaha, BigOil continues to laugh all the way to the bank with their billion$ in profit each month
Go ahead Congress, we know who your puppetmasters are.
Printer Friendly | Permalink |  | Top
 
DU AdBot (1000+ posts) Click to send private message to this author Click to view 
this author's profile Click to add 
this author to your buddy list Click to add 
this author to your Ignore list Tue Sep 16th 2014, 01:30 PM
Response to Original message
Advertisements [?]
 Top

Home » Discuss » Latest Breaking News Donate to DU

Powered by DCForum+ Version 1.1 Copyright 1997-2002 DCScripts.com
Software has been extensively modified by the DU administrators


Important Notices: By participating on this discussion board, visitors agree to abide by the rules outlined on our Rules page. Messages posted on the Democratic Underground Discussion Forums are the opinions of the individuals who post them, and do not necessarily represent the opinions of Democratic Underground, LLC.

Home  |  Discussion Forums  |  Journals |  Store  |  Donate

About DU  |  Contact Us  |  Privacy Policy

Got a message for Democratic Underground? Click here to send us a message.

© 2001 - 2011 Democratic Underground, LLC