The Democrats want to raise taxes on oil companies
#31
Re: The Democrats want to raise taxes on oil companies
As for spending the money, we'll see. There are folks who advocate various bio-fuels, even GW Bush can say 'switch grass' and this may provide the funds to build prototype plants. Our country has a long history of government - business - university cooperation and that model continues to work well. For example, the first nuclear reactor was a university - government project but now Westinghouse and GE are quite capable of making their own.
So overall, what were seeing the Democrats have passed a law to bring in the revenue needed to support a good public policy, development of non-geological energy sources. We may disagree about the methods and we'll meet at the ballot box to decide.
BTW, I agree with Cato if they truely want to reduce the deficit. The fastest way is to expire GW's tax cuts and get back to paying off the Reagan - Bush deficits.
Bob Wilson
#32
Re: The Democrats want to raise taxes on oil companies
Cato would not want to eliminate GW's tax cuts, but would cut defense spending and a lot of other "investments" including Iraq.
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