Obama wants to end $4B oil industry tax breaks.

goof2 · 04-26-2011, 08:46 PM

I don't really care if the tax breaks are kept or removed. I do realize though that the impetus of "screwing those dastardly oil companies" or "getting money from the rich company instead of the working man" are completely removed from reality. The money to pay for it will have to come from somewhere and it is a safe bet it won't come out of their profits. Any increase in tax liability will be passed directly on to consumers at the pump.

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04-26-2011, 08:46 PM	#1
goof2 AMA Supersport Join Date: Feb 2009 Posts: 4,756	I don't really care if the tax breaks are kept or removed. I do realize though that the impetus of "screwing those dastardly oil companies" or "getting money from the rich company instead of the working man" are completely removed from reality. The money to pay for it will have to come from somewhere and it is a safe bet it won't come out of their profits. Any increase in tax liability will be passed directly on to consumers at the pump.