Should read "TRAITORCRATS" instead of democrats.
New post on Scotty Starnes's Blog |  | Stop using the term Democrat. Start using the moniker Socialists, because that's what they are. Only Socialists believe the government can dictate how much profit one makes. In typical fashion, Democrats Socialist want to punish success. Maxine Waters, the ethically challenged Socialist, let this Socialist scheme out back in 2009. From The Hill: Six House Democrats, led by Rep. Dennis Kucinich (D-Ohio), want to set up a "Reasonable Profits Board" to control gas profits. The Democrats, worried about higher gas prices, want to set up a board that would apply a "windfall profit tax" as high as 100 percent on the sale of oil and gas, according to their legislation. The bill provides no specific guidance for how the board would determine what constitutes a reasonable profit. I'd like to create a board to show how the government, through gas taxes, collect more than these oil companies do. This bill proves that Democrats Socialists have no grasp of free market economics. The Gas Price Spike Act, H.R. 3784, would apply a windfall tax on the sale of oil and gas that ranges from 50 percent to 100 percent on all surplus earnings exceeding "a reasonable profit." It would set up a Reasonable Profits Board made up of three presidential nominees that will serve three-year terms. Unlike other bills setting up advisory boards, the Reasonable Profits Board would not be made up of any nominees from Congress. The commodities market sets prices. More supply equals cheaper prices. Maybe these Democrats Socialist should force Obama to end his illegal drilling moratorium and stop repealing permits to oil, natural gas and coal companies. Then again, Obama is a Democrat Socialist and wants energy prices to skyrocket. ...According to the bill, a windfall tax of 50 percent would be applied when the sale of oil or gas leads to a profit of between 100 percent and 102 percent of a reasonable profit. The windfall tax would jump to 75 percent when the profit is between 102 and 105 percent of a reasonable profit, and above that, the windfall tax would be 100 percent. The bill also specifies that the oil-and-gas companies, as the seller, would have to pay this tax. Kucinich said these tax revenues would be used to fund alternative transportation programs when oil-and-gas prices spike. "Gas prices continue to rise, creating a hardship for the American people," he said. "At the same time, oil companies are making record profits gouging their customers. This bill would tax only the excess profits and create forward-thinking transportation alternatives." Like the Obama-backed Chevy Volt. Socialist are so regressive. Continue reading>>> | | | |
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