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Viva_La_Revolution Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Apr-25-11 09:38 PM
Original message
Boehner open to repealing oil company tax breaks
Source: AP

House Speaker John Boehner said Monday that Congress should "take a look at" repealing the multibillion-dollar tax subsidies enjoyed by the major oil companies.

The Ohio Republican told "ABC World News" that the government is low on revenues and that oil companies "ought to be paying their fair share." A gallon of gasoline exceeds $4 in some parts of the country.

"We certainly ought to take a look at it," Boehner said. "We're at a time when the federal government's short on revenues. We need to control spending but we need to have revenues to keep the government moving."

For example, Boehner said big oil companies don't need the so-called oil depletion allowance, but that taking it away from smaller producers would mean even less domestically produced oil. The allowance allows producers a tax deduction comparable to the break given manufacturers for depreciation of the value of an investment in plants and equipment.

Read more: http://hosted.ap.org/dynamic/stories/U/US_BOEHNER_BIG_O...
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CaliforniaPeggy Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Apr-25-11 09:42 PM
Response to Original message
1. *Faint*
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fatbuckel Donating Member (518 posts) Send PM | Profile | Ignore Mon Apr-25-11 10:17 PM
Response to Reply #1
11. Bullshit. He just voted against it.
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Thegonagle Donating Member (548 posts) Send PM | Profile | Ignore Tue Apr-26-11 03:58 AM
Response to Reply #11
17. There's always a catch with these republicans, isn't there? nt
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Jackpine Radical Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Apr-25-11 09:43 PM
Response to Original message
2. Given the current outrageous oil co. profits, even the little guys
could probly make it without the depletion allowance. 'Course their CEOs might have to go on food stamps or something.
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Earth_First Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Apr-25-11 09:43 PM
Response to Original message
3. In exchage for what, exactly?
This shit doesn't come free...

:shrug:
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Autumn Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Apr-25-11 09:48 PM
Response to Original message
4. "We need to control spending but we need to have revenues
to keep the government moving." That actually came out of Boners mouth? :wow: Color me surprised.
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Javaman Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Apr-25-11 09:52 PM
Response to Original message
5. devil is in the details...
more puffery by a moron.

be aware of a wolf in sheeps clothing.
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Tess49 Donating Member (606 posts) Send PM | Profile | Ignore Mon Apr-25-11 09:53 PM
Response to Original message
6.  When did hell freeze over?
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freshwest Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Apr-25-11 10:03 PM
Response to Original message
7. The world just jumped forward in time...
Edited on Mon Apr-25-11 10:05 PM by freshwest
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Drale Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Apr-25-11 10:04 PM
Response to Original message
8. Boy talking about not raising the debt ceiling
about getting rid of oil subsidies. He's really trying to piss of his corporate masters.
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snappyturtle Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Apr-25-11 10:09 PM
Response to Original message
9. Color me dumbfounded. nt
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OhioChick Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Apr-25-11 10:12 PM
Response to Original message
10. What's the catch? n/t
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physioex Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Apr-25-11 10:43 PM
Response to Reply #10
13. He wants a bigger payoff from the lobbists?
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MiniMe Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Apr-25-11 11:34 PM
Response to Reply #10
15. He is going to blame the dems for the high gas prices
And blame it on the oil companies losing their tax breaks
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Vinee Donating Member (421 posts) Send PM | Profile | Ignore Mon Apr-25-11 10:27 PM
Response to Original message
12. good idea. end farm subsidies while you're at it.
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jsamuel Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Apr-25-11 11:27 PM
Response to Original message
14. he will still oppose it, but this shows we are winning over the public and they know it
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Kablooie Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Apr-25-11 11:37 PM
Response to Original message
16. Could the unmovable Republican blockade be showing a few cracks? Ya think?
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Kolesar Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Apr-26-11 05:56 AM
Response to Original message
18. "take a look at" ... the big campaign contribution checks he gets from Exxon and Transocean
:sarcasm:
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NeoConsSuck Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Apr-26-11 06:09 AM
Response to Original message
19. So transparent
He knows that right now, the oil companies are everyone's whipping boy, even among the right wing knuckle draggers.

You don't need a weatherman to tell which way the wind's blowing.
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Zorra Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Apr-26-11 08:06 AM
Response to Original message
20. Yeah, and the dog ate my homework. nt
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