The Democrats Pledge Their Allegience To The Flag Of The Socialist State Of Hugo
H/T to MM for this link:
House Republicans criticized energy legislation passed late Wednesday, saying that it would raise taxes on the oil industry but give tax breaks to Venezuelan President Hugo Chavez and the state-run oil company CITGO.
“Middle-class families and small businesses are feeling the squeeze from rising costs for gasoline, food, and other costs of living,” said House Minority Leader John Boehner (R-Ohio) in a statement. “Unfortunately, the Democrats’ ‘no energy’ bill will only make matters worse by raising taxes and setting the table for even higher prices at the pump.”
The House passed the Renewable Energy and Energy Conservation Tax Act of 2008 on a vote of 236 to 182. Senate Democratic leaders have indicated they would fast-track the bill to try to avoid a Republican filibuster:”It actually carves out tax breaks for Venezuelan dictator Hugo Chavez – courtesy of American taxpayers,” said Boehner. “This is unacceptable, and the Democratic leadership is irresponsible for bringing the bill to the House floor.”
“I am disappointed that the Majority voted down a Republican proposal to eliminate the tax relief for Hugo Chavez and give it to those who need it most: middle-class American families,” he said. “The largest tax increase in American history is on the horizon, and House Republicans are committed to stopping it.“
We know liberals in Congress are sympathetic to Hugo Chavez leftist agenda, but cutting him a tax break is a little over the line. Yesterday, the House passed an energy bill that raised taxes on American oil and gas companies. Notice the emphasis on ‘American.’ What should surprise everyone is that Citgo, Chavez’ personal ATM that operates in the U.S., is still getting a 6 percent tax break for domestic manufacturing that Exxon, Chevron, BP, Conoco-Phillips and Shell will all loose. How is this possible?
The House figures that since Petroleos de Venezuela, doesn’t actually produce any oil and gas in the U.S, they just refine and distribute it, they shouldn’t have to face the punitive taxation that the House wants to inflict on U.S. oil producers. So just at a time when oil is reaching over $100 a barrel liberals want to decrease domestic production and give Chavez a financial leg up on his U.S. competitors. All this so the House can pat itself on the back for “doing something” about global warming.
And finally this link:
The tax package (HR 5351), which passed 236-182, repeals subsidies for five major oil and gas companies to offset $13.7 billion of the $18.1 billion in renewable-energy tax breaks contained in the bill.
Meanwhile, Citgo Petroleum Corp. would continue to receive a 6 percent deduction for domestic manufacturing that the largest firms would lose.
Citgo, which refines oil and markets and transports gasoline in the United States, is owned by a subsidiary of the government-owned Petróleos de Venezuela, S.A., or PDVSA. Because Citgo does not drill for oil and gas domestically or abroad, it does not fall under the bill’s definition of companies that will lose a major tax break.The five big companies targeted by the bill ” Chevron, BP, ExxonMobil, Shell and ConocoPhillips ” all produce and refine oil and sell gasoline in the United States, and therefore under the bill would lose the domestic manufacturing deduction they received as part of a corporate tax law in 2004 (PL 108-357).
GOP lawmakers Wednesday argued that such a policy runs counter to the Democrats’ goals for the bill ” to reduce dependence on foreign oil and increase national security ” by providing a tax break to a company owned by a country whose head of state just weeks ago threatened to stop oil sales to the United States.
“This bill raises taxes for U.S. oil and gas production . . . while giving more American dollars to a dictator that has threatened to take away U.S. energy supplies,” said Republican Phil English of Pennsylvania.
Who will pay for the tax exemptions being stripped from the oil companies? That’s right kiddies, you and I!
February 29, 2008 - 01:28 PM on February 29th, 2008
Why now would you expect less? Afterall Chavez is giving a good example of just the type of government the Demons-craps all want. They won’t rest until we’re a communistic socalistic country.
February 29, 2008 - 07:44 PM on February 29th, 2008
That might create a conflict. I thought the DemoTraitors had already defacto committed to the victory of Al Qaeda and other terrorist against America!
On the other hand, they all do hate America and want to destroy it just like the DemoKriminals want to do. So maybe there is no conflict after all.
February 29, 2008 - 09:39 PM on February 29th, 2008
What was I saying about the government libs pushing us ever closer towards a French “reign of terror” type revolution? Someone should start a letter writing campaign to all of the newspapers informing the ignorant public about how the liberal Dems are responsible for them having to choose between dying of starvation or freezing to death. Let these morons TRY and explain to the father of three why the hoax of man made Global Warming is so much more important than feeding his kids. It won’t be long before the sheep in this country learn the truth. Global Warming is NOT Man Made. However all of the legislation that is causing inflation, long lines at the pumps and outrageous heating bills is. And truth be told, Dems have never found a tax that they didn’t like. BTW has everyone heard about the new WORLD POVERTY elimination bill that Obama has sponsored, funding for which is expected to be in the form of a fuel tax.
March 1, 2008 - 02:22 PM on March 1st, 2008
TREASON THY NAME IS HARRY REID
March 13, 2008 - 09:39 AM on March 13th, 2008
[...] you drive up to the gas station, thank the Democrats for those increased prices. I warned you that we would pay the price and we are. Now comes word that this vote is so important, Clinton, [...]
April 22, 2008 - 07:16 PM on April 22nd, 2008
[...] The tax package (HR 5351), which passed 236-182, repeals subsidies for five major oil and gas compan… The oil companies were just in front of Congress, no one thought to ask? The Attorney General of individual states have the authorization to go after price-gougers. In short, she wants to blame Bush for her failure. I can’t blame her for not wanting to look in the mirror. [...]