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Old May 1st, 2008, 12:13 PM   #1
roll-bar Bob
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Default Suspending the Federal Gas Tax?????

Please take a moment to vote (YES or NO)


http://uspolitics.about.com/b/2008/0...nd-gas-tax.htm



Last edited by roll-bar Bob; May 1st, 2008 at 12:30 PM.
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Old May 1st, 2008, 12:22 PM   #2
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Why would I vote for a band-aid that would cause the lose of thousands of jobs.

Edit: and might give me an extra tank by the end of the summer. I care to much about those workers familes to have 1 free tank of gas.

Lets think of real alternatives. Like tapping Alaska
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Old May 1st, 2008, 12:30 PM   #3
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I agree with the suspension of the tax on diesel. Just because so many independant truckers are having to quit driving because they just break even. If we can't ship stuff across country, prices will jump even more.
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Old May 1st, 2008, 12:40 PM   #4
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Lets think of real alternatives. Like tapping Alaska
Western states could use our water from the Great Lakes... should we let them do that?
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Old May 1st, 2008, 12:51 PM   #5
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Western states could use our water from the Great Lakes... should we let them do that?
thats an awesome point. i bet alot of michiganders will rethink the alaska thing
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Old May 1st, 2008, 12:53 PM   #6
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Western states could use our water from the Great Lakes... should we let them do that?
Sure, not like you guys can afford gas in the boats for fishing :tonka:
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Old May 1st, 2008, 12:54 PM   #7
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Originally Posted by InBBA View Post
Why would I vote for a band-aid that would cause the lose of thousands of jobs.

Edit: and might give me an extra tank by the end of the summer. I care to much about those workers familes to have 1 free tank of gas.

Lets think of real alternatives. Like tapping Alaska
you don't think ANWAR would be a band-aid? We need legitimate alternative fuels. I was listening to a podcast the other day and it said that we spend the same money on alternative fuels in one year that we spend for one hour for the pentagon to run. food for thought. With more research we could probably have more efficient solar panels and have a few thousand spread throughout the Mojave desert generating all kinds of electricity.
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Old May 1st, 2008, 01:26 PM   #8
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you don't think ANWAR would be a band-aid? We need legitimate alternative fuels. I was listening to a podcast the other day and it said that we spend the same money on alternative fuels in one year that we spend for one hour for the pentagon to run. food for thought. With more research we could probably have more efficient solar panels and have a few thousand spread throughout the Mojave desert generating all kinds of electricity.
Anytime the government wants to reduce a tax anywhere it's a good idea. It's not a solution to the gas issue but still a good idea.

ANWAR would be a band-aid of sorts. I look at it more like a bridge to the future. It would last for a long time, maybe long enough to give technology more time to develop a real alternative like usable hydrogen fuel cells.

There are a lot of other solutions too, like nuclear power and electric cars to run on them. Solar power is good. How about geothermal? Drilling for oil off the coast of Florida? Clean burning coal?

A lot of solutions and each one has someone protesting against them for different reasons. If we used all of them to some degree, continued to develop the technology of each, and told the greenies where to go we'd probably be fine, but that won't happen until it becomes profitable to do so. $4 gas is getting us closer to making it a reality.

You have to make it profitable for the private sector to develop, using government money and subsidizing the technology with tax payer money isn't the right way.
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Old May 1st, 2008, 01:47 PM   #9
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I don't believe Hydrogen will be safe for a long long time.
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Old May 1st, 2008, 10:32 PM   #10
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Originally Posted by Monkeyevil View Post
Western states could use our water from the Great Lakes... should we let them do that?
Yes, and do it just like Alaska does with oil, Make them pay for it and give royalty checks to all the great lakes residents.
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Old May 1st, 2008, 10:39 PM   #11
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I don't believe Hydrogen will be safe for a long long time.
I believe Hydrogen is as safe as, or safer than gasoline.

waiting for post of Hindenburg picture.
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Old May 1st, 2008, 11:16 PM   #12
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While I like the idea of lowering taxes I do not support the temporary reduction in gas taxes. All it will really do is allow the oil companies to make even more money.
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Old May 2nd, 2008, 12:27 AM   #13
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While I like the idea of lowering taxes I do not support the temporary reduction in gas taxes. All it will really do is allow the oil companies to make even more money.
I completely agree! The reality is that gas is being produced basically at capacity. If we lower gas costs, demand will go up. if demand goes up, we'll need more gas but we can't have more gas cuz we're at production capacity. Because of this we need to reduce demand otherwise there will be a shortage. To redeuce the demand, gas companies will raise prices. Demand will go down.

Bottomline - suspending the tax will cause a 10billion dollar deficit in the trans funds that support bridge repairs among many other things. Our cost will prolly insignificantly go down if at all. Gas companies will make more money because of the inflated costs.

For the average comsumer its like a 30 cent per day saving. Over the suspension period, that's less than $30 savings. It's a bandaid that doesn't solve the problem and it's a political tactic to make you think they are really trying to solve a problem, when in effect it just creates a bigger problem. Reducing taxes isn't always the best thing, you gotta fix the roads with soemthing....
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Old May 5th, 2008, 11:50 AM   #14
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Here's a great article that points out several problems with Obama & Hillary's plan for "taking windfall profits" (That means stealing for everyone else).....

http://online.wsj.com/article/SB1209...mEditorialPage

This is one strange debate the candidates are having on energy policy. With gas prices close to $4 a gallon, Hillary Clinton and John McCain say they'll bring relief with a moratorium on the 18.4-cent federal gas tax. Barack Obama opposes that but prefers a 1970s-style windfall profits tax (as does Mrs. Clinton).

Mr. Obama is right to oppose the gas-tax gimmick, but his idea is even worse. Neither proposal addresses the problem of energy supply, especially the lack of domestic oil and gas thanks to decades of Congressional restrictions on U.S. production. Mr. Obama supports most of those "no drilling" rules, but that hasn't stopped him from denouncing high gas prices on the campaign trail. He is running TV ads in North Carolina that show him walking through a gas station and declaring that he'll slap a tax on the $40 billion in "excess profits" of Exxon Mobil.


The idea is catching on. Last week Pennsylvania Congressman Paul Kanjorski introduced a windfall profits tax as part of what he called the "Consumer Reasonable Energy Price Protection Act of 2008." So now we have Congress threatening to help itself to business profits even though Washington already takes 35% right off the top with the corporate income tax.

You may also be wondering how a higher tax on energy will lower gas prices. Normally, when you tax something, you get less of it, but Mr. Obama seems to think he can repeal the laws of economics. We tried this windfall profits scheme in 1980. It backfired. The Congressional Research Service found in a 1990 analysis that the tax reduced domestic oil production by 3% to 6% and increased oil imports from OPEC by 8% to 16%. Mr. Obama nonetheless pledges to lessen our dependence on foreign oil, which he says "costs America $800 million a day." Someone should tell him that oil imports would soar if his tax plan becomes law. The biggest beneficiaries would be OPEC oil ministers.

There's another policy contradiction here. Exxon is now under attack for buying back $2 billion of its own stock rather than adding to the more than $21 billion it is likely to invest in energy research and exploration this year. But hold on. If oil companies believe their earnings from exploring for new oil will be expropriated by government and an excise tax on profits is pure expropriation they will surely invest less, not more. A profits tax is a sure formula to keep the future price of gas higher.

Exxon's profits are soaring with the recent oil price spike, but the energy industry's earnings aren't as outsized as the politicians seem to think. Thomson Financial calculates that profits from the oil and natural gas industry over the past year were 8.3% of investment, while the all-industry average is 7.8%. And this was a boom year for oil. An analysis by the Cato Institute's Jerry Taylor finds that between 1970 and 2003 (which includes peak and valley years for earnings) the oil and gas business was "less profitable than the rest of the U.S. economy." These are hardly robber barons.

This tiff over gas and oil taxes only highlights the intellectual policy confusion or perhaps we should say cynicism of our politicians. They want lower prices but don't want more production to increase supply. They want oil "independence" but they've declared off limits most of the big sources of domestic oil that could replace foreign imports. They want Americans to use less oil to reduce greenhouse gases but they protest higher oil prices that reduce demand. They want more oil company investment but they want to confiscate the profits from that investment. And these folks want to be President?

Late this week, a group of Senate Republicans led by Pete Domenici of New Mexico introduced the "American Energy Production Act of 2008" to expand oil production off the U.S. coasts and in Alaska. It has the potential to increase domestic production enough to keep America running for five years with no foreign imports. With the world price of oil at $116 a barrel, if not now, when? No word yet if Senators Clinton and Obama will take time off from denouncing oil profits to vote for that.
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Old May 5th, 2008, 11:57 AM   #15
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Please take a moment to vote (YES or NO)


http://uspolitics.about.com/b/2008/0...nd-gas-tax.htm



People think Michigan roads are bad now!! Suspend this tax and see how bad it really gets. Not a good proposal at all.
Try cutting Property Tax in the god forsaken state. Talk about a tax thats out of control.
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Old May 6th, 2008, 10:19 AM   #16
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People think Michigan roads are bad now!! Suspend this tax and see how bad it really gets. Not a good proposal at all.
Try cutting Property Tax in the god forsaken state. Talk about a tax thats out of control.
X !,000!!!!!
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Old May 6th, 2008, 04:07 PM   #17
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you don't think ANWAR would be a band-aid? We need legitimate alternative fuels. I was listening to a podcast the other day and it said that we spend the same money on alternative fuels in one year that we spend for one hour for the pentagon to run. food for thought. With more research we could probably have more efficient solar panels and have a few thousand spread throughout the Mojave desert generating all kinds of electricity.
We need to stop competing with our (United States) war efforts. It takes a lot of fuel to keep the war machine going. It's time to transition out and watch the fuel prices drop.
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Old May 6th, 2008, 04:50 PM   #18
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We need to stop competing with our (United States) war efforts. It takes a lot of fuel to keep the war machine going. It's time to transition out and watch the fuel prices drop.
What a very interesting take on all of this... I have always agreed with the experts that the "war" (illegal occupation) is causing prices to rise because production and distribution to the U.S. is being supressed, but I never even noticed that we would be using so much fuel to carry on this endeavor.... Great insight, and I completely agree!
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