Windfall Tax On Oil: Good or Bad?

Nonno · 08-10-2008, 04:52 PM

Local News | Windfall tax lets Alaska rake in billions from Big Oil | Seattle Times Newspaper

Palin's administration last week gained legislative approval for a special $1,200 payment to every Alaskan to help cope with gas prices, which are among the highest in the country.
That check will come on top of the annual dividend of about $2,000 that each resident could receive this year from an oil-wealth savings account.

In Alaska, the willingness of Republicans to tax the oil industry reflects unusual political developments.
Last year, as part of a major federal corruption investigation, an oil-services executive — former VECO Chairman Bill Allen — pleaded guilty to bribing some state legislators as he sought to limit the size of an oil-tax increase approved in 2006.
In the fall primary of 2006, Palin upset Republican incumbent Gov. Frank Murkowski, whom she criticized for giving too much of a break to the oil industry.

edinsomd · 08-10-2008, 05:11 PM

Do try to keep up.
Buy my vote?
Ed

Pete · 08-10-2008, 05:49 PM

We paid that tax so they could give it to Alaskans. When will people understand corporations DO NOT pay taxes, they pass the tax on to the consumer and then act as the middleman by collecting it and delivering it to the government.

ImnoMensa · 08-10-2008, 06:13 PM

Quote:

Originally Posted by Pete

We paid that tax so they could give it to Alaskans. When will people understand corporations DO NOT pay taxes, they pass the tax on to the consumer and then act as the middleman by collecting it and delivering it to the government.

puggymom · 08-10-2008, 06:20 PM

Quote:

Originally Posted by Pete

We paid that tax so they could give it to Alaskans. When will people understand corporations DO NOT pay taxes, they pass the tax on to the consumer and then act as the middleman by collecting it and delivering it to the government.

wintersprings · 08-10-2008, 09:23 PM

when taxes are passed on, we get to pay higher gas prices?

Thats the Dem plan, they want $10.00 /gal gas. Its to save the planet you fool.

08-10-2008, 04:52 PM	#1
Nonno Habari Na Mijeldi Member Since: Dec 2003 Posts: 7,396	Windfall Tax On Oil: Good or Bad? Local News \| Windfall tax lets Alaska rake in billions from Big Oil \| Seattle Times Newspaper Palin's administration last week gained legislative approval for a special $1,200 payment to every Alaskan to help cope with gas prices, which are among the highest in the country. That check will come on top of the annual dividend of about $2,000 that each resident could receive this year from an oil-wealth savings account. In Alaska, the willingness of Republicans to tax the oil industry reflects unusual political developments. Last year, as part of a major federal corruption investigation, an oil-services executive — former VECO Chairman Bill Allen — pleaded guilty to bribing some state legislators as he sought to limit the size of an oil-tax increase approved in 2006. In the fall primary of 2006, Palin upset Republican incumbent Gov. Frank Murkowski, whom she criticized for giving too much of a break to the oil industry. Share Share this post on Digg Del.icio.us Technorati Twitter Add post to Facebook
	[ Reply w/Quote ]

08-10-2008, 05:11 PM	#2
edinsomd Registered User Member Since: Sep 2006 Location: callaway Posts: 3,303	Do try to keep up. Buy my vote? Ed Share Share this post on Digg Del.icio.us Technorati Twitter Add post to Facebook __________________ "... the right of the People to keep and bear arms shall not be infringed."
	[ Reply w/Quote ]

08-10-2008, 05:49 PM	#3
Pete Repete Member Since: Jan 2003 Location: Hollywood Posts: 50,905	We paid that tax so they could give it to Alaskans. When will people understand corporations DO NOT pay taxes, they pass the tax on to the consumer and then act as the middleman by collecting it and delivering it to the government. Share Share this post on Digg Del.icio.us Technorati Twitter Add post to Facebook
	[ Reply w/Quote ]

08-10-2008, 09:23 PM	#6
wintersprings Registered User Member Since: Apr 2006 Location: Ridge Posts: 1,312	when taxes are passed on, we get to pay higher gas prices? Thats the Dem plan, they want $10.00 /gal gas. Its to save the planet you fool. Share Share this post on Digg Del.icio.us Technorati Twitter Add post to Facebook __________________ My logo is for Prostate Cancer. I went through Proton Treatment and my PSA dropped like a rock, so now in remission.
	[ Reply w/Quote ]

Thread Tools
Show Printable Version Email this Page
Display Modes
Linear Mode Switch to Hybrid Mode Switch to Threaded Mode


\| Write Us \| Help \| Sponsors \| Classifieds \| Employment \| Forums \| MarketPlace \| Calendar \| Headlines \| Announcements \| Weather \| More... \|