An awful oil bill

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If you're wondering why the Democrat-controlled Congress has lower approval ratings than President Bush, then look at the bill that the House passed on mostly a party-line vote, 236-182. It scraps the tax deductions given to the nation's oil companies, such as Exxon Mobil Corp. and ChevronTexaco.

In light of the record profits these firms have been racking up, not many folks will shed any tears for them. But perhaps they should.

Since winning back control of Congress, Democrats have been champing at the bit to raise the gas tax, yet they know motorists would be none too pleased if they did, especially with OPEC-driven pump prices soaring to record highs.

So, in effect, the House voted to raise taxes on the oil companies by $18 billion -- what the deductions are worth -- hoping that, if the measure becomes law, motorists won't notice when the companies' higher tax burden is passed through to them.

Clever. But there would be an unintended consequence if this happens -- at least we hope it's unintended. It would be betrayal if it was done on purpose.

Investor's Business Daily pointed out that the tax increase would be a boon to Venezuela's brutal America-hating leftist dictator, Hugo Chavez, because the House bill doesn't take away the 6 percent tax deduction for foreign-owned subsidiaries.

This means that Citgo, which buys its fuel from Venezuela, would have a big competitive price advantage at the pump over its rivals, which buy from the U.S. oil firms. This would mark one more victory for Chavez over U.S. oil companies. A few years back, he nationalized their operations in his country, which is a polite way of saying he stole them.

Fortunately, the House's oil-tax bill is not expected to go much further. In the unlikely event the Senate passed it, President Bush surely would veto it, especially since the administration is considering adding Venezuela to the "axis of evil" states that aid and abet terrorists around the world.

Even so, it's distressing that the House would pass a bill that could raise pump prices for consumers and enrich a thug dictator. Are lawmakers blind?

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DrGunby68
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DrGunby68 03/18/08 - 04:20 am
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Correct: Corps do not pay

Correct: Corps do not pay taxes. Their taxes are eventually "passed thru" to consumers. Incorrect supposition: Dems want to raise the gas tax...what evidence? Omission: For 7+ years the Repugs have been in office and have only mustered ethanol subsidies to help us reduce our foreign oil w/o considering the unintended consequences that you mention are not considered in this instance. Small mindedness: why do we have to label countries as "axes of evil". Are our hands not covered with blood from ill advised forays in other lands and in our own land. Consideration: why did Dems win back Congress in 06? To fix your mess...give us some time...y'all have had your turn. Don't worry, we'll get our starting in Jan 08. That is if the war machine doesn't get cranked up against Iran, hence why Fallon had to quit for disagreeing with the "wah president" and his sidekick KillaPacemaker.

SoonerorLater
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SoonerorLater 03/18/08 - 04:27 am
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Seems as if Congress has a

Seems as if Congress has a very narrow view of the economics of taxes and the effect on prices. Although the Dems can say they have eliminated a tax deduction for the "evil" oil companies, it is a smoke screen to raise taxes on individuals since this added cost will be passed on to the consumer (that is a trait of a capitalistic society). Bush's disapproval rating is low, but the Democratic majority in Congress has a paltry 21% approval rating, that is 1 in 5!!!! When I need gas, I will ALWAYS pass up CITGO and pay a higher price down the street. Although I am one tiny consumer in our superpower economy, if I can make a small difference then I will and feel better about it, even if it costs me a few extra dollars.

Duderotomy
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Duderotomy 03/18/08 - 05:36 am
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DrG...again, words without

DrG...again, words without knowledge. Neither party is going to "fix" anything. It just makes you feel good to, maybe, pick the winning horse. LCD (least common denominator) postings - thank you for the humor!

JohnRandolphHardisonCain
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JohnRandolphHardisonCain 03/18/08 - 05:57 am
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More yellow journalism from

More yellow journalism from ACES (Augusta Chronicle Editorial Staff). I recall how The Chronicle labeled the Sandinistas in Nicaragua "jack booted thugs" in their editorials supporting U.S. aid to the Contras during the 1980s. Inflammatory rhetoric appeals to binary thinkers. There are plenty of concrete thinkers among The Chronicle's reactionary readership. Careful analysis & nuanced opinions aren't compatible with an editorial staff cowed by Billy Morris' philosophy or undereducated readers who don't possess critical thinking skills. Is The Chronicle trying to make a case for invading Venezuela? They use similar rhetoric against Iran but not Saudi Arabia. Is it coincidence that the "thug dictators" The Chronicle maligns just happen to possess oil & retain control of their oil resources. Saudi Arabia doesn't get blamed because the corrupt Saudi royal family cooperates with American oil companies & are friends of the Bush family. Exxon had record profits in the 4th quarter of 2007. CEOs make megamillions. The price of oil has quadrupled during Bush's tenure in office. United States plans a long-term military presence in Iraq which just happens to be oil rich. Mission Accomplished!

christian134
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christian134 03/18/08 - 06:28 am
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This great nation has been

This great nation has been through crisis after crisis. We have managed in spite of ourselves to hold on and we will do so again. Unless the Lord comes, which will be great, this nation will rise above itself and emerge once again stronger and more secure than before. I admit things look grim but I have seen grim before....it will get better. We have to hold on tight to each other, help each other and most of all turn to God, repent, and ask for His help. After all we are a great nation built on the backs of those who fought each other and then fought together only to become who we are today.....That "Who" boys and girls is the United States of America...The land of the free united under One God and that is just the way it is.....:-)

shivas
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shivas 03/18/08 - 06:53 am
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"Even lower approval ratings

"Even lower approval ratings than president Bush." Wow, that must be very low!!! The AC forgets to point-out that there are many Republicans in Congress, and the latest polls show the ratings are low because Americans do not feel Congress is doing enough to overturn the decisions of the Bush Administration or to get us out of Iraq. So, we Liberals are very upset with Congress, and will be until they get us out of Iraq. There are too many conservative Democrats in this Congress.

patriciathomas
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patriciathomas 03/18/08 - 06:55 am
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My God cain, on what grounds

My God cain, on what grounds do you make ANY comment related to analytical or competent thinking? Your convoluted deductions are always HATE AMERICA FIRST. What a good Democrat you are. You write like you're simi-literate, but your conclusions are never intelligent. What's up with that? Now it seems you're contagious. DrGunby68 is posting that Democrats don't raise taxes as a matter of course and that they don't think taxpayers know that when taxes are raised on the "evil rich" they're passed on to the consumer. I'm guessing ya'll had to fail an IQ test to become Democrat faithful.

patriciathomas
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patriciathomas 03/18/08 - 06:56 am
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consistent, Liberal Faith.

consistent, Liberal Faith.

christian134
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christian134 03/18/08 - 07:01 am
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Well said patriciathomas well

Well said patriciathomas well said....

SoonerorLater
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SoonerorLater 03/18/08 - 07:02 am
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Liberal Faith now blames the

Liberal Faith now blames the failings of Congress on "to many Republicans" and "to many conservative Democrats". Where do you get your reasoning as to why the ratings for Congress is so low, did you just make this stuff up? I have seen a trend that the left seems to make unsubstantiated accusations that, as particia so keenly points out, is full of hate and vitrol. This is a great country, and I am proud to be an American, and instead of engaging in "fault based" accusations if the Bush "haters" would look objectively at the facts and what can be done to fix them then maybe this country could look forward. Blame agents tend to look backwards, problem solvers look to the future and how it can be improved for future generations.

KSL
129306
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KSL 03/18/08 - 07:31 am
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Dr.G, JRHC, and even you LF,

Dr.G, JRHC, and even you LF, I've seen better arugments and and conclusions on your parts' before.

justthefacts
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justthefacts 03/18/08 - 08:28 am
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Gunby, your name calling sure

Gunby, your name calling sure started early today. Can't you argue your point intelligently without insults. I would expect more from a "Doctor".

read this
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read this 03/18/08 - 08:28 am
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This bill was designed for

This bill was designed for your "worry consumption", not to actually become law. Congress is trying to make you feel like they are doing something about your "pump pain." Believe me, they have done plenty to contribute to the pain themselves.

shivas
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shivas 03/18/08 - 08:29 am
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RJH, the objective facts are

RJH, the objective facts are that President Bush has the lowest approval rating of any president in the 20th century; Democrats were elected to congress on a platform of getting us out of Iraq. These democrats have done nothing to get us out of Iraq, and back down to Bush at every chance. Congress approval ratings went down the tubes when they voted for the surge, and backed down on setting a time-frame for withdrawal. Please try to be objective when looking at President Bush and his record.

SoonerorLater
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SoonerorLater 03/18/08 - 08:41 am
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I only stated a statistic

I only stated a statistic that Congress has a 21% approval rating, and stated that it was lower than the Presidents (33%). You then injected reasons why the Congress has such a low rate, because of Republicans and conservative democrats. I asked where you got your facts from, which of course you did not answer. So you are saying that the Democratic Congress promised certain things and did not deliver. I am being objective and was referencing Congress and that "liberals" blame Bush for everything, instead of looking for blame I merely stated that problem solvers look into the future and blamers look into the past. Please reread posts before you reply and ensure you understand the positions that are taken. This is of course, a Liberal trait to deflect the topic when faced with facts.

pointstoponder
161
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pointstoponder 03/18/08 - 08:44 am
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I hate to break the news to

I hate to break the news to you Liberal Faith, but we have been in the 21st century for several years now. In fact W ws not president at all during the 20th century.

He_Who_Must_Not_Be_Named
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He_Who_Must_Not_Be_Named 03/18/08 - 08:51 am
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Hey "Dr" Gumby,

Hey "Dr" Gumby, consideration: The Republicans have had the White House for 20 of the last 28 years (at the conclusion of Bush's term). Why do you think that is? Supposition: The American people, more often than not, realize that your nominees display the same amount of ability to solve a problem as you show in your pointless rantings. You can point out a problem (at it's most basic level) and never have anything resembling a solution other than pull the lever for a democrat. I hope your ability to diagnose and treat your alleged patients is a little better. Oh and Gumby, it's "Axis of Evil". If you ever find any axes of evil, let me know. They'll look nice over my fireplace.

He_Who_Must_Not_Be_Named
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He_Who_Must_Not_Be_Named 03/18/08 - 09:03 am
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"Dr" Gunby, I'm guessing you

"Dr" Gunby, I'm guessing you got this (alleged) doctorate of yours from the same school that gave one to Dr Dre, Dr J, Dr Pepper, Dr Evil, and Dr Johnny Fever.

mojo
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mojo 03/18/08 - 09:07 am
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Dr. Gunby - corporations do

Dr. Gunby - corporations do indeed pay taxes - if successful they pass these along to customers; however, they do pay taxes and the US kindly imposes the highest corporate tax rates of any industrialized nation in the world. Sometimes corporations are unsuccessful in passing along their costs and declare bankruptcy - guess who's at the head of the line to be paid? Your friends at the IRS.

He_Who_Must_Not_Be_Named
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He_Who_Must_Not_Be_Named 03/18/08 - 09:09 am
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Watch out mojo, "Dr" Gunby is

Watch out mojo, "Dr" Gunby is about to pull the race card out of nowhere like he did yesterday.

NotyourDadsBuick
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NotyourDadsBuick 03/18/08 - 09:37 am
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I never realized the federal

I never realized the federal government was responsible for the state gas tax I pay at the pump. How very unusual.

LC
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LC 03/18/08 - 09:40 am
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Good article but why don't

Good article but why don't they tell us how OUR congressman voted?

SoonerorLater
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SoonerorLater 03/18/08 - 09:50 am
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Here you go LC Barrow, John

Here you go LC
Barrow, John (D-12 ) NAY Athens, GA
Bishop, Sanford (D-2 ) YEA Albany, GA
Broun, Paul (R-10 ) NAY Athens, GA
Gingrey, Phil (R-11 ) NAY Marietta, GA
Johnson, Hank (D-4 ) YEA Lithonia, GA
Kingston, Jack (R-1 ) NAY Savannah, GA
Lewis, John (D-5 ) YEA Atlanta, GA
Linder, John (R-7 ) NAY Tucker, GA
Marshall, Jim (D-3 ) NAY Macon, GA
Deal, Nathan (R-9 ) NV Gainesville, GA
Price, Tom (R-6 ) NAY Roswell, GA
Scott, David (D-13 ) YEA Atlanta, GA
Westmoreland, Lynn (R-8 ) NAY Grantville, GA

dani
12
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dani 03/18/08 - 10:06 am
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When the dem's can pass a

When the dem's can pass a bill knowing that Pres Bush will veto it, it makes them look so good. And it makes Pres Bush again the bad guy. Happens all the time. Our 'do nothing" Congress at work...

NotyourDadsBuick
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NotyourDadsBuick 03/18/08 - 10:14 am
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Like our president is so very

Like our president is so very busy. I guess supporting $30 billion bail-outs of Wall Street firms that made stupid risk management decisions might be considered hard work by some.

142
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Dan White 03/18/08 - 10:32 am
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Jimmy Carter's promise when

Jimmy Carter's promise when President was to decrease out dependence on foreign oil. Anyone remember waiting in long lines at the pump to get a few precious gallons of gasoline back then? Every President since Carter has made this empty promise. All talk and no action. Now that we are really in a crisis, Congress fiddles while America burns foreign oil and is held captive by two-bit dictators and oil producing countries where radical Muslims are the rule rather than the exception. Whatever you want to kill, tax it. The Dems hate capitalism and the far left is in love with Chevez as is obvious with this corporate gas tax on oil companies leaving Citgo and Chevez to continue making gazillions with our money. The key to this crisis is to invest in high speed trains - something the Japanese and Europeans have done while America tries to repair ancient roads and interstates. God help us.

luckyladydays
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luckyladydays 03/18/08 - 10:36 am
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It's bad that a gallon of gas

It's bad that a gallon of gas anywhere costs more than a Happy Meal at McDonald's...

johnsmith
9
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johnsmith 03/18/08 - 10:36 am
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Cain, as one who lived in

Cain, as one who lived in Nicaragua for a short time (as short as I could arrange) during the Sandinista "occupation" of that country, I will back up the ACES' contention that they were "jack-booted thugs." They did in fact wear what would reasonably be called jack-boots, and they were certainly thugs. Many dear friends of mine, unfortunately deceased during that time period, would have LOVED to have enjoyed your advantages long enough to educate you with a Louisville Slugger to pound through your thick skull the fact that socialism inevitably, quickly or slowly, but inexorably, leads to government control of your very right to exist. Your penchant for waxing omniscient on subjects about which you truly have no idea whatsoever is annoying at best, borderline psychopathic at times. Go back to your echo chamber and tell your fellow travelers all about how awful the conservatives are; MY conservative conversion began with Daniel Ortega. I don't know how you all disagree with a philosophy that promotes individual rights, individual initiative, individual responsibility, and unfettered opportunity for the individual? Should we not simply be debating HOW to achieve those ideals???

142
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Dan White 03/18/08 - 10:38 am
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The oil-starved Japanese

The oil-starved Japanese bombed Pearl Harbor to have unfettered access to the oil producing region in the South Pacific. Today, industrialized countries are still fighting for oil - especially the US. That's the sub-plot for the war in Iraq. Sadaam built his empire on the green-back and used his gain for evil purposes. We are being brought to our knees by these people, and it's time to stand up again on our own two feet and truly become independent of foreign oil. And, ethanol ain't the answer!

mojo
0
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mojo 03/18/08 - 10:42 am
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Buick - unless you're Bear

Buick - unless you're Bear Stearns - that life bouy hit'em it the head and kept'em down.

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