Sunday, June 29, 2008

"The sky's the limit - yeah, which sky?"

Introduction: There are two areas in American politics that divide the GOP and DEMS more than any other issues: "Taxes and Protecting Business (at all costs)." [Hint: the cost is usually pretty high and it usually does not benefit Mom and Pop or you and I].

The Saga (continues) - from this link

WASHINGTON (AP) June 10, 2008 -- Senate Republicans on Tuesday blocked a proposal that would have taxed windfall profits of the largest oil companies and allowed the government to take OPEC members to court, handing Democrats fresh ammunition in an election year in which voters are struggling with surging gasoline prices.

The Democratic energy package would have imposed a 25% 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 federal government more power to address oil market speculation that the bill's supporters argue has added to the crude oil price surge.

The Republicans, however, have said the bill would do nothing to ease soaring gasoline prices in the United States. The Democrats failed, 51-43, to get the 60 votes needed to overcome a Republican filibuster — a procedural tactic to delay debate on a bill — and bring the energy package up for consideration.

This latest defeat [in a long line of defeats for the DEMS] affords them another opportunity, going into the November congressional and presidential elections, to try and cast the GOP as siding with the oil companies at a time of record gasoline prices.

Danz View: The GOP and few DEMS [to be perfectly honest] both take huge sums of money from the oil giants. Don’t believe me, check here and measure big oil’s presence in Congress. As Gomer Pyle might have said, “Surprise, surprise, surprise.”

It is not just a matter of taxes [we all hate taxes but rational people also know that taxes pay a lot of bills and help in a lot of ways - like when money comes back home that their Representative or Senator brag about at election time]. But, to me, and to many others, it's whom is taxed, how much they are taxed, and why so many wealthy skate the system in the name of "incentives, creating jobs, helping the small business owners (who seldom get breaks like the big boys), and do it for the children."

It's all political hype and the tax code needs serious overhaul. It favors the top richest and those able to funnel money back to their elected officials and parties, which in turn benefits them and not you. You can take that to the bank (what little you have to take to the bank)!

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