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Bush rejects tax on oil companies' windfall profits

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Bush rejects tax on oil companies' windfall profits

Old 04-28-2006, 10:31 AM
  #1  
Nontypical Buck
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Default Bush rejects tax on oil companies' windfall profits

President Bush on Friday rejected calls to tax oil companies' record profits fueled by high oil prices but said he expects those companies to re-invest those profits into alternative fuels and new energy technologies.

http://www.cnn.com/2006/POLITICS/04/28/congress.oil/index.html

I wonder if "big oil" will get tax breaks for R & D ?
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Old 04-28-2006, 10:44 AM
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Default RE: Bush rejects tax on oil companies' windfall profits

The Decider makes sense.
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Old 04-28-2006, 11:02 AM
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Default RE: Bush rejects tax on oil companies' windfall profits

A windfall profits tax would only be passed on to the consumer anyway just like any other business expense . Arlen Specter and the other dimwits calling for the tax are stupid and doing nothing but looking for more pork to spend at our expense .
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Old 04-28-2006, 11:05 AM
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Default RE: Bush rejects tax on oil companies' windfall profits

ORIGINAL: Aught Six

The Decider makes sense.
The decider is beside himself!
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Old 04-28-2006, 08:33 PM
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Default RE: Bush rejects tax on oil companies' windfall profits

I'd be far more interested in seeing a reduction in record 'windfall' taxes.
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Old 04-29-2006, 04:59 AM
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Default RE: Bush rejects tax on oil companies' windfall profits

i agree that the tax would just be passed along to the consumer in one way or another. the oil interests don't have a great track record re alternative fuels, however, and i would feel better if we could do more than encourage the oil companies to invest in alternative fuel research. you know, something like a tax credit, or holding their childrenin the basement of the whitehouse...
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Old 04-29-2006, 06:33 AM
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Default RE: Bush rejects tax on oil companies' windfall profits

ORIGINAL: Briman

I'd be far more interested in seeing a reduction in record 'windfall' taxes.
You've got that right.
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