WASHINGTON (AP) - Saved by Senate Republicans, big oil companies dodged an attempt Tuesday to slap them with a windfall profits tax and take away billions of dollars in tax breaks in response to the record gasoline prices that have the nation fuming.
GOP senators shoved aside the Democratic proposal, arguing that punishing Big Oil won't do a thing to lower the $4-a-gallon-price of gasoline that is sending economic waves across the country. High prices at the pump are threatening everything from summer vacations to Meals on Wheels deliveries to the elderly.
The Democratic energy package would have imposed a 25 percent tax on any "unreasonable" profits of the five largest U.S. oil companies, which together made $36 billion during the first three months of the year. It also would have given the government more power to address oil market speculation, opened the way for antitrust actions against countries belonging to the OPEC oil cartel, and made energy price gouging a federal crime.
"Americans are furious about what's going on," declared Sen. Byron Dorgan, D-N.D. He said they want Congress to do something about oil company profits and the "orgy of speculation" on oil markets.
NO, you fraking moron. WE want you to step out of the fraking way and let the oil companies (the only people out there who are actually providing us with any oil) drill for our domestic supplies!Listen up. CONGRESS DOES NOT PRODUCE ONE FRAKING DROP OF OIL!!!!!!!
OIL COMPANIES DO!!!!!
A tax of any kind is simply a cost of doing business and it will be passed along to the consumer.
So answer me this you pea-brained little piss-ant Democrats how, exactly, will increasing the price at the fraking pump by adding to the oil company's cost of doing business help the consumer?
Every fraking congressmen who voted for this new tax on our oil supply should be tried for treason then stood up against a wall and shot.
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