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March 31st, 2012 
FAKE NEWS for the Zionist agenda
Remember $1.83 per gallon gasoline?
Seems like a very distant memory? That was the national average price
we paid for the precious liquid when President Obama took over the White
House in January 2009. ~ William F Jasper – Video
Apparently not satisfied with helping to fuel a more than 100 percent
increase in the gas price, the Obama administration and its
congressional allies are pushing legislation that would penalize the
domestic oil companies that are now producing new jobs in our struggling
economy and providing much-needed energy that is making us less
dependent on foreign sources.
Sen. Robert Menendez (D-N.J.) has
introduced S. 2204,
which he has named the “Repeal Big Oil Tax Subsidies Act.” It might be
more apropos to name it the “Prolong the Recession and Double Our Gas
Prices Again Act.”
Sen. Rand Paul (R-Ky.) rose on the Senate floor on Tuesday, March 27, to challenge
the wisdom of raising taxes on oil companies at this critical time, and
to offer two amendments to the bill aimed at ending taxpayer-subsidized
loans to the favored “alternative energy” sector, such as the $500
million loan to Solyndra, the failed solar panel manufacturer.
Sen. Paul continued:
Now some on the other side say this is a matter of fairness. Everybody
needs to pay their fair share. Well, oil companies actually pay $86
million a day in taxes. The oil companies in the last 10 years have paid
over $100 billion in taxes.
The people who say we just must punish them. They’re making too much
money, let’s punish them. The oil companies employ 9.2 million people.
They’re 8 percent of our GDP. Do we want to punish the people who are
creating jobs, the people who are trying to make us energy-independent
in our country? It makes absolutely no sense.
White House Corporate Cronyism
“While the President talks about people not paying their fair share,
he’s actually giving more than their fair share to his friends,” Sen.
Paul noted. “I don’t think the government should be used as a loan
agency to give money to your contributors. This is unseemly. The
conflict of interest is, I think, undeniable.”
The Senator provided some specifics to back up his charge of unethical relations:
We have companies like Solyndra. This is a company that received $500
million of your money and went bankrupt. Just so happens that the owner
of the company is the 20th-richest man of the United States and a big
donor of the President. It just so happens that this company, Solyndra,
the person who approved their loan was related, was the husband of a
woman who worked for Solyndra.
Another company, a company called bright source out of Massachusetts,
is owned by one of the Kennedy family. They got $1.8 billion, and guess
who approved their loan? A guy that used to work for the Kennedys who is
now in president Obama’s administration. It doesn’t pass the smell
test.
What we have is crony capitalism, or crony governmentalism, where the
government is picking out their friends and giving money to their
friends. And so we come here today to raise taxes on big oil. Meanwhile
we’re giving money to millionaires and billionaires, and it doesn’t seem
right that your tax dollars should be sent to companies simply because
they were big contributors.
Another company, Fisker Karma got $500 million supposedly to make an
electric car in in the United States. Guess where they’re making it? In
Finland.
Instead of penalizing real energy producers and granting special favors
and subsidies to energy companies that are either frauds or fantasies,
Sen. Paul offered amendments to reduce corporate tax rates to make them
competitive with tax rates around the world, as well as ending
subsidies to the corporate cronies.
The Kentucky Solon said:
So I have two proposals. One amendment to this bill would say, look, if
you think that some companies are getting unfair deductions, let’s get
rid of all deductions. Let’s just have a flat tax. Let’s make the
corporate income tax 17 percent; currently its 35 percent.
See if you want to encourage business, you want to encourage
employment, you lower taxes. You don’t raise taxes. Canada has an income
tax for their corporations of 17 percent. Most of Europe is in the low
20’s. And we’re at 35 percent.
We wonder why we can’t get business started in this country. We wonder
why there is billions; even trillions of dollars left overseas that
won’t come home because we want to charge them 35 percent tax when it
comes home.
Our bill would also say if you’ve already paid taxes overseas once, you
don’t have to pay again when you come home. So a 17 percent flat tax,
you would see a boom in this country like you haven’t seen in a
generation. You would see millions of jobs being created if we would
just learn the basic facts of economics.
Sen. Paul warns that if S. 2204 passes in its current state,
“not only
will your gas prices continue to rise — they have already doubled — but
you’ll see your gas prices going through the roof…. We’re in the midst
of a great recession. Until we understand this fundamental fact, we’re
not going to recover as a nation.”
William F Jasper – March 28, 2012 – TheNewAmerican
Related articles:
High Gas Prices Set to Cause Double Dip in Economy
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