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DEBT: Republicans favor Big Oil over little guy

Letter by Chris C. Gillis, Puyallup on May 25, 2011 at 1:26 pm with 50 Comments »
May 25, 2011 1:31 pm

I am confused by the Republican debt logic. Recently Republicans have been saying we must get our debt under control – OK. They have introduced the Ryan budget plan they say will tackle the debt. As part of this plan, tax increases are off the table.

At the same time, Republicans in Congress voted against or blocked reduction of tax subsidies for big oil companies that would have gone to help reduce debt. The Congressional Budget Office (CBO) estimates the reduction would be about a one percent hit to their huge profits. Many Republicans view a reduction in a tax subsidy as a tax increase.

So here is my problem with that thinking. As part of the Ryan plan, when I am eligible for Medicare in about 10 years, I will have to participate in a drastically changed program utilizing vouchers. This change could result in my paying up to 60 percent more for health care, according a CBO estimate, due to reduced voucher subsidies.

So, according to Republicans, a reduction in tax subsidies for Big Oil is a mortal sin, but my paying more for health care is OK. What’s worse, most the money saved by making me pay more for health care will be used to further reduce the top tax rates, not reduce the debt.

I’ve worked since I was a teenager and am now in my mid-50s. I’m looking at paying way more for health care in retirement. But at least Big Oil will be OK.

Leave a comment Comments → 50
  1. steilacoomtaxpayer says:

    Sob, sob, you worked all your life? Are you special? Oil needs a break, buy some of their stock, then when you retire you will have it made!

  2. jjohnson67 says:

    Taxpayer’s response is so typical of the extreme right. When a legitimate issue is brought up in an opinion letter, their response to it is to criticize the writer with a personal attack. Must have watched too much Hannity.

    Yeah, oil needs a break, right. Unbelievable!

  3. Chris, you used logic and republican in the same sentence!!
    HAHAHAHAHA!

  4. “Oil needs a break”
    Good gawd.

  5. truthbusterguy says:

    The GOP likes to assist companies that provide jobs. We hear this from the libs everytime the oil companies make some money. What about the years they made small profits.

    All the democrats want is to tax people and business that make an honest buck so they can flush it down the crapper to the entitled “so called” needy that are a drag on this society.

    Goverment should have only one goal at this time and that is putting people in the private sector back to work. Explain how ending the tax incentives to big oil creates a job.

    The truth is it does not. What we have is the socialist have run out of other peoples money and they just want more. Well they can’t have it and the ecent vote in the US Senate, with democrat votes, sent that message loud and clear. Game over libs.

  6. Fibonacci says:

    truthbuster
    Typical right winger——-Social Security and Medecaire are the problem. They only apply to the “so called” needy in your warped world view. So you want to protect the oil companies because they are “providing jobs”–riiiggghhhhtttt!!! Their profits are higher than they have ever been, in the BILLIONS,but hey, lets get those lazy oldsters that want Medidaire.

  7. The only money that’s flushed down the crapper is the money that pays for imported items. Even if money is misspent in the United States, which I don’t condone, it circulates within our economy, generating jobs, income and tax revenue, within our country.

  8. So, the oil companies keep getting these subsidies and that is supposed to help create jobs right? Where are those jobs? We’ve waited for years, and still we wait…

  9. KARDNOS says:

    “truthbusterguy says:
    May 25, 2011 at 4:49 pm
    The GOP likes to assist companies that provide jobs.”

    During the past 5 years, employment in the oil industry has decreased while profits are record.

    Truthbustermyarse.

  10. KARDNOS says:

    “What we have is the socialist have run out of other peoples money and they just want more”

    Speaking of socialist…..how socialist is it to provide taxpayers money to private businesses??????

    Truthbustermyarse

  11. nwcolorist says:

    Chris, if you’re concerned about Medicare premiums going up 60% under the Ryan plan, just wait to see the increase if Obama’s plan passes.

    And KARDNOS, if oil company profits are going up in this recession, buy their stock, silly.

  12. Fibonacci says:

    nwcolorist
    Another right wing statement that completlly misses the point, but then I think righties miss the point on purpose. So, “buy their stock” is your answer? God forbid they not get huge tax breaks, their profit might me in the 10’s millions instead of billions. And how do those who are unemployed, under employed,siabled, etc supposed to “buy their stock”– of wait they can’t, but that is OK, only the rich count.

  13. truthbusterguy says:

    Currently , 7,050,000 people are employed in the US oil industry.

    Many are non union and the democrats hate this industry becauseof this. They don’t get the donations from the forced union dues.

    Why do dems hate big oil? Always follow the money and the power. You will find the corrupt motivation of the democrat party.

    I wish the energy companies could dim the lights in all the homes of democrats and make them beg for the blessed energy they provide us everyday.

    Libs get a clue. We need energy, big oil, nuc power and drill baby drill. How else can we afford your fluffy forms of energy that don’t produce anywhere close to the energy we need to drive our economy.

    Can you leftist hadle the truth from TBG??? I don’t think so. Just go back to smoking your Rx dope. You must be high to think like you do.

  14. To all right wingers – the Constitution says :

    “We the People”

    Not

    “We the Corporations”.

  15. I have begged and pleaded with all the libs to stop driving any cars, to turn off all their lights, to power down all their computers (mostly comprised of oil derivatives), to stop using any kind of heat source powered by oil, gas, and electricity (most of which comes from coal), but they continue driving, commenting on this site using computers created from oil derivatives and heating their man-made homes. One word HYPOCRITES.

  16. Dave98373 says:

    It might make you feel better blaming one party for America’s use of oil but it does little to address the REAL problems. America is unwilling to change how it uses oil and fails to use its natural resources (drilling).
    By the way, if this issue was so important to Democrats why was “Big Oil” allowed to profit when the Dems had control of BOTH chambers of Congress AND the WHITE HOUSE!!

  17. KARDNOS says:

    “Dave98373 says:
    May 26, 2011 at 5:51 am
    By the way, if this issue was so important to Democrats why was “Big Oil” allowed to profit when the Dems had control of BOTH chambers of Congress AND the WHITE HOUSE!! ”

    Dave, maybe you’d like to tell us when this event took place. The operative word is “control”. The Democrats had House Majority and 60 Senate votes for about 30 days in 2009. During those 30 days, Ted Kennedy was dying and couldn’t make the Senate floor. As to the rest of 2009 and 2010 there is one word that defines it all…….fillibuster.

    Had Ted Kennedy asked to be rolled into the Senate to cast a deciding vote, the Republicans would still be complaining about it.

  18. KARDNOS says:

    “nwcolorist says:
    And KARDNOS, if oil company profits are going up in this recession, buy their stock, silly. ”

    Don’t you just love the ‘let them eat cake’ attitude of a Conservative?

    I wonder how you tell a senior citizen, who is barely making ends meet that you are going to eliminate Medicare and that instead of buying gasoline to go to the doctor, they should invest in oil stocks as the solution to their problem.

    Tell the family of four, with a disabled child that the solution to their challenges is better investing in the stock market.

    The list goes on and on, but the comment says it all.

    I’m certain that 80% of Americans are really buying into the GOP’s plan for them. Ask the 26th District of New York how they feel.

  19. commoncents says:

    One does not have to “hate” big oil to feel that tax breaks on already profitable businesses should not occur. Especially with companies who would still be heavily profitable should the subsidies be removed. Subsidies belong on emerging technologies in an effort to bring them to market. Once they have matured they either survive on their own or they do not belong. Isn’t that what market forces are all about? Additionally, even the API’s own economist has admitted that the shifting of capital from oil to clean energy would create more jobs. The actual number of jobs? Triple the number…500k loss in oil and 2 mill new jobs in clean energy with a shift of $100B in capital.

  20. sue1234 says:

    Tell me the Gop is NOT a cult. They are ideologically driven and like cults they ingore evidence that is contradictory to their cult’s dogma.

  21. alindasue says:

    truthbusterguy said, “Many are non union and the democrats hate this industry becauseof this. They don’t get the donations from the forced union dues.”

    It’s been my observation that Democrats have generally championed workers’ rights even when unions aren’t involved. Nevertheless…

    “Always follow the money and the power. You will find the corrupt motivation of…”

    Insert your favorite political party here.

    “… your fluffy forms of energy that don’t produce anywhere close to the energy we need to drive our economy.”

    One of the few publications I subscribe to is a semi-monthly magazine called Mother Earth News. Amongst other topics it covers are many articles about people who power their homes, businesses, and even whole communities with those “fluffy forms of energy”.

    Energy is not supposed to “drive our economy”. It’s supposed to power our homes, farms, and businesses. Too much of our economy is based on stock market and “commodities” speculation and not enough on actual production by real people. That’s at least half the problem causing our “jobless recovery”.

    I think commoncents had the common sense answer when he said, “One does not have to “hate” big oil to feel that tax breaks on already profitable businesses should not occur… Subsidies belong on emerging technologies in an effort to bring them to market. Once they have matured they either survive on their own or they do not belong.”

    Oil companies are already doing fine. They have enough money to buy up and “forget” many alternative energy companies and still make a huge profit.

    Perhaps if we switched some of those subsidies into helping companies that produce “fluffy forms of energy” get started without the oil companies’ “help”, they’ll be able to mature enough to stand on their own and alternative energies would be something that could be found in more than just “mother earth” type communities.

  22. Roncella says:

    Sue, In case you have never heard this before, let me be the first to enlighten you.

    America does not have to build walls around it to hold Americans from leaving, it has to work hard to keep millions of folks from trying to get into America to live freely and live a good life.

    Your complete brainwashing by liberals/progressives/socialists/greenies is cult like in every respect.

    Profit is not a bad word, its what makes our standard of living the envy of so many other Countries. Its why our standard of living is much higher for most Americans than other folks in other countries.

    During the cold war the leader of the Soviet Union was invited to tour a farm in Iowa. He accepted. After the tour was completed he could not believe that one farmer could own so much land and equipment and produce so many crops and Profit and live a good life as that farmer was.

    Wake up Sue1234 your living in the Greatest Country in the World, make the most of it while your here, stop listening to loosers and winers, and stop expecting the Government to take care of you from birth to death, your be alot happier person if you can do that.

  23. Roncella, Your complete brainwashing by the Tea Party machine is cult like in every respect.

    Prosperity is not a bad word, it’s what makes our standard of living the envy of so many other Countries. It’s why our standard of living is much higher for most Americans than other folks in other countries.

  24. Still no compliance from the libs. They continue to use electricity, drive cars, heat their homes and hate the people and organizations that enable them to be hypocrites.

  25. alindasue says:

    “I have begged and pleaded with all the libs to stop driving any cars, to turn off all their lights, to power down all their computers (mostly comprised of oil derivatives), to stop using any kind of heat source powered by oil, gas, and electricity (most of which comes from coal), but they continue driving, commenting on this site using computers created from oil derivatives and heating their man-made homes. One word HYPOCRITES.”

    ItalianSpring,
    Since I can assume that you “begged and pleaded” with all the liberals from the point of view of someone who is already doing all that (You did, didn’t you?), then you don’t really need the suggestions I am about to post.

    Here’s some relatively painless ways to reduce your impact on the earth and dependence on oil (tested right here at home):

    Carpool or ride the bus as much as possible. Walk when you can. Combine trips for errands with other trips.

    Switch to CFL or LED lighting. The mercury content in CFLs is slightly higher but that is countered by the fact that less than 1/4 the energy is required to power them and they only need to be changed every couple years or so. In our four bedroom house, we went through 6-8 incandescent bulbs every month. Now, a couple 4-packs of CFLs is a years supply.

    Turn off lights when not in use.

    Eliminate “phantom” energy use. Put TVs, computers, and other household tools that go on standby when you hit the “off” button onto power strips. I our house, the TV, DVD, and VCR are all on the same power strip. When the show is over, the strip is turned off.

    65 degrees is a very healthy temperature. Turn your heater down. (Wear a sweater if you need to.)

    Reduce and reuse. Instead of using disposable products, pack your lunches in re-useable containers. Take your own bags to the store and buy products with minimal packaging. When you have to buy things, consider the “used” options first. You’ll usually find what you need there and save money in the process. Fewer items end up being sent to the landfill and less oil and other resources are needed.

    Plant a garden. You can grow vegetables in your yard, on your patio or balcony, or in a community garden plot. Even people who have none of those options can grow sprouts in their kitchens. A garden not only lessons your need for store trips, but the plants increase our oxygen and help filter our air.

    I could go on, but this post is long enough already. The point is that it only takes minor changes to significantly reduce our energy dependence – no begging and pleading needed.

  26. Roncella says:

    Polago, You sound bored andt like someone who needs something productive to do.

    Here is a suggestion for you, why not start a campaign in your neighborhood going door to door talking up your hero, President Obama to assist him in winning 4 more years for the far left movement.

  27. Do you preach to neocons and practice what you preach?

    Or, are you one of those ‘moralistic do as I say, not as I do” type preachers?

  28. Above question is for I_S.

  29. Roncella says:

    xring, when all those rich greenies/liberalsleftests. like algore, pelosi, michael moore,stop flying their private jets and driving SUV’s and sell off their mansions and live in a 600 sq. ft. home with one bathroom, I might take their lies and distortions more seriously.

  30. My place is here, Roncella, pointing out your hypocrisy.

    “I might take their lies and distortions more seriously.” ????

    ROTFLMAO

  31. “We hear this from the libs everytime the oil companies make some money. What about the years they made small profits.”

    Because 60 years of record profits isn’t enough?

    When was the last time big oil only made ‘small profits’ and why is that a bad thing?

  32. I would like to thank roncella for once again spewing the GOP talking points that have no relevance to the topic what so ever.

  33. BlaineCGarver says:

    blah, blah, blah……All the sock puppets are drooling on each other again. Alindasue is about the only one speaking to the OP. IMO, both parties are reaching into the wallet of big oil. Think back several years ago when crude was hovering about the same 100 price, but gasoline and diesel were about half what it is now….Hmmmm? Seems to me that it is being manipulated by investors, doesn’t it? Yet, some of the most liberal congress-critters have steadfastly maintained that gas prices are NOT being manipulated. Seems like all of America is being run on the Chicago Code these days, don’t it?

  34. Roncella says:

    Polago, its disappointing that you are not willing to help your hero President Obama and his helpers pelosi and reid stay in power for four more years.

  35. You’re disappointed that I’m not doing something that you made up two comments ago, Roncella?

    Pathetic!

  36. carver alling someone else a ‘sock puppet’ ……now thats funny!

    Then he goes on to say that it’s the Democrats that claiming it’s not the speculators causing the rise in prices!
    The out right lies coming from that one poster is simply amazing!

  37. Roncella,

    Go Tell the Donald, or the Koch Brothers, and all the rest of the fat-cat far ring sugar-pimps.

    Let’s see how many right wingers sell of their homes etc, or pass up Medicare or Social Security when they become eligible for them.

  38. bobcat1a says:

    Could one of you people who thinks the oil companies need subsidies please explain one thing: Why does a company with $34 BILLION in profit need ANY subsidy? I understand why they want it, but why do they need it and what do “we the people” get out of it? Don’t say jobs; that’s BS.

  39. Bobcat,
    Because they didn’t make $35 Billion in profits.

  40. “Ithappened2me2 says:
    May 26, 2011 at 7:25 pm
    Wow, ring is spewing out the same things that the snail and all the other singular x monikers are spewing.

    Makes you go Hmmm”

    And you spew the same crappola that Sajud does and your posts are within minutes of each other. Personally, I don’t care if you two share the same posterior orifice. Stupid is as stupid does.

  41. steilacoomtaxpayer says:

    If Big Oil made no profits, then no employees. If people drove less, etc, then less price pressure (supply + demand, remember econ 101?) and thus less price. But many average folk want to live 40 – 60 miles from work (go on I5 in the AM, you will get the idea) and pay little or nothing for gas + oil + tires + cars, all the while living in safe rural areas with lower taxes and real estate prices. Yeah, nice try. Buy lots of oil stock, you will make a killing. Aldo, don’t commute you will save time, money and the environment. Green + conservative, get it?

  42. Which brings us back to the topic of mass transit, steilacoomtaxpayer. We can easily solve many of the issues you raise with mass transit, which is why Republicans tend to fight it. Drill baby drill!

  43. Roncella says:

    Chris, Ryan has a plan well thought out and one that will actually get America back on the right tract.

    Obama and the dems. have no plan and are doing nothing but puting fear and doubt in the minds of the old folks with no plan of their own to fix social security or medicare.

    Where is President Obama right now ? He is on another vacation, visiting Ireland, England, many other countries. He apparently is unconcerned about the terrible lost of life from recent tornado disasters across the Country, or the over 9% unemployment, gas at 4.00 a gal..

    Many Americans have to be wondering about who is working in Washington D.C. on fixing the many many problems facing the Country. The Congress takes recesses and vacation and spring brakes, and the President takes one vacation after the other and when he is not on vacation he is campaigning flyiing around the nation raising millions of dollars to insure his gaining 4 more years in the Whitehouse.

  44. Never fear. The stenographer press corpse will continue lying and will bring out the biggest Whoppers (burger flipper jobs are now considered good jobs by libs) during the 2012 campaign. Unemployment will miraculously drop to 5% and gas will drop to $3.50 a gallon (but probably no lower). Inflation will be falsely held at bay until February 2013. All to pad the crib for the man-child-punk and keep him in charge. But will he step down in 2017? Will he have to?

  45. IS – wasn’t it the Bush Administration that declared that outsourcing American jobs was good for the American economy…..and reclassified burger flipping as heavy manufacturing?

  46. Again – what does providing subsidies have to do with being in support of the Free Market?

  47. Wow, again I have to thank not only roncella but IS for completly off topic and quite humorous tlaking ponts!
    Thanks guys!

  48. Roncella says:

    xtp855, My post was right on topic and if you could read and comprehend you would know that.

  49. Roncella did say gas. That’s kinda like oil……..sorta.

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