That reminds me–in case I don’t get to a computer tomorrow–I’d like to take this opportunity to wish the State-shtupping “New Tories” who comment here “Happy Dependence Day”!
My reaction is only slightly less vehement than this.
Honestly Bald Eagles have been delisted in the lower 48 since 2007, they haven’t even been censused since the early 2000s
While I remember how rare they were when I was a kid, those fines should probably not exist at all.
The main point here is the hypocrisy.
Of course it is hypocrisy, I was just pointing out nobody should be fined and jailed for accidentally killing a bald eagle. Now that is the hypocrisy, since clearly these people don’t care about actual eagles, as their actions show.
I actively dislike windmills for all sorts of sound traditional environmental reasons, as to solar I think it is great but it shouldn’t be subsidized by the government. If we could build a huge solar plant in the Mojave that supplied cheap reliable power I really wouldn’t care how many bald eagles it killed if they were not endangered.
I would. Because, it is so totally unnecessary. For the relative pittance of power we could draw from that solar plant, we could build a nuclear plant, or even a conventional gas fired plant, with a vastly smaller overall environmental footprint.
Solar and wind power are not “free”. Their opportunity costs, in particular, are staggering, because of their incredibly low energy density and their intermittent output.
The guys who would grind up every polar bear to get one more barrel of oil,
don’t exactly sound honest when talking about bird protection.
The guys who would grind up every polar bear to get one more barrel of oil, don’t exactly sound honest when talking about bird protection.
Do you have any idea whatsoever how stupid you come off as with idiocy like this?
I’m going with … “no. ” 🙂
Maybe so, but if it was a coal fired pl;ant killing the eagles it would result in fines and a forced plant closure.
George,
Actually this is as a result of the Obama Administration’s Justice Department requiring Duke Energy to pay $1 million in fines and to install radar to shut down the wind turbines when eagles are near.
[[[In the settlement reached between DOJ and Duke Energy Renewables, the company will pay $400,000 to the North American Wetlands Conservation Fund, $100,000 to the state of Wyoming, $160,000 to the National Fish and Wildlife Foundation, and $340,000 to a conservation fund in Wyoming for the purchase of land for golden eagle habitat, the report said.
Duke Energy Renewables will also install radar technology designed to detect eagles approaching the sites and shut down the turbines before the eagle arrives.]]]
Tom
You realize bringing facts to the table only causes Rand to call you names.
Poor baby. It’s nothing to do with you, of course. You’re just a victim of the entire, mean old world which is out to get you.
That is how you know Rand recognizes what you are saying is correct and he is wrong 🙂
Only fools would imagine that.
That is interesting. A company gets sued by the government and Democrat activist groups get money.
If it was a Tea Party Republican doing it you would be celebrating the reigning in of over zealous environmental laws and replacing them with common sense. But since its President Obama….
Wrong. There is nothing over-zealous in protecting rare bird species, especially from the ravages of the CO2 neurosis.
Tom, you’re being an idiot. He’s not “reigning [sic] in of over zealous [sic] environmental laws.” He’s selectively enforcing them in accordance with his ideology. And no, I wouldn’t be cheering it if he were a “Tea Party Republican.”
Your ability to mind read sucks. I’d suggest that you quite attempting it, but I know it would be futile.
Rand,
Yes, it’s easy to know when I get a “hit” when I point out the double standard you have for President Obama, you lose your temper and start call folks names… But you just make it too easy. I am sure if President Obama made a speech on the Sun raising in the East you will do a post showing how it almost never rises in the East.
But some basic facts are in order here since as usual you did do any research.
First, I didn’t any complaints from you about Bald Eagles being delisted as endangered under President Bush in response to pressure from real estate developers who wanted its habitat for building homes.
[[[ One landowner ready for delisting is Minnesota retiree Edmund Contoski.
Contoski, 69, wants to build five log homes on his undeveloped seven-acre property along Lake Sullivan. However, the Endangered Species Act has prohibited development within 330 feet of an active bald eagle’s nest on his property — that covers all of Contoski’s usable land.
“Eagles don’t pay taxes; I pay taxes,” Contoski said. “I’m paying taxes, and I can’t do anything with the property.”
In 2005, he challenged the Fish and Wildlife Service to make good on its 1999 proposal to delist the bald eagle. He took the agency to court and won. His court battle led to the June 28 delisting.]]]
Second, although it was delisted under the Bush Administration to allow land development it is still covered by the Bald and Golden Eagle Protection Act of 1940 which requires a permit to kill and handle eagles, which is what this specific decision addresses.
Also this is old news, the decision to allow wind power firms to apply for such “take” permits under the 1940 law was made in December, AFTER the Obama Administration was criticized for being overzealous in requiring Duke Energy to pay $1 million in fines for killing eagles and requiring them to install RADAR to shut the turbines down when eagles approached the wind farm.
[[[In the settlement reached between DOJ and Duke Energy Renewables, the company will pay $400,000 to the North American Wetlands Conservation Fund, $100,000 to the state of Wyoming, $160,000 to the National Fish and Wildlife Foundation, and $340,000 to a conservation fund in Wyoming for the purchase of land for golden eagle habitat, the report said.
Duke Energy Renewables will also install radar technology designed to detect eagles approaching the sites and shut down the turbines before the eagle arrives.]]]
So are you now saying you are in favor of overzealous government regulators? It sounds like.
Also I guess it makes it more sensual to spread they story on the Fourth of July weekend instead of when it actually happened last year…
Correction, you did NOT do any research…
“First, I didn’t any complaints from you about Bald Eagles being delisted as endangered under President Bush in response to pressure from real estate developers who wanted its habitat for building homes. “
“In 2005, he challenged the Fish and Wildlife Service to make good on its 1999 proposal to delist the bald eagle. He took the agency to court and won. His court battle led to the June 28 delisting.”
So, your beef with Bush is that he obeyed a court ruling?
Rand is the one who seems to have a beef with Bald Eagles no longer being protected, not me. Personally I think Benjamin Franklin had the right idea with wanting to make the Turkey the national bird.
My beef is with arbitrary law enforcement, double standards, and hypocrisy. If it was coal plants killing them, there’d be no waivers.
But, you believe Bush had the ability, even the obligation, to disobey an order of the judiciary , potentially setting up a Constitutional crisis, in order to protect the eagles, and he is no better than Obama willfully targeting the eagles for destruction if he did not? Is that what you are saying?
Rand,
Once again, do your research. Its not a waiver, its a permit that is allowed under the 1940 law. And the Fish and Wildlife Department is only doing it because of the criticism the Justice Department received for Duke Energy’s $1 million dollar fine and the requirement to install ‘eagle” radar.
So you are basically saying you are in favor for such zealous regulation when it involves an industry you hate. Or would you oppose coal power plants killing eagles as well?
Also, if you are so against it why didn’t you comment during the Fish and Wildlife open comment period last year?
I’m sorry you had so much trouble understanding what I wrote. Pretty sure it’s not my fault.
Note, that its a District Court, which means the Bush Administration decided not to appeal the decision to a higher court. In short, they did not fight it even though they could have which implies they wanted that result.
But, they did fight it. In the District Court. Perhaps they gave it their best shot, and realized that, short of Congressional action, it would be futile to continue.
Rand,
You are the one that seems to have trouble evaluating the material on some of the blogs you link to. If you have done some research you would know that the blogger was not only writing about a policy decision made months ago but also has a misleading headline, designed to pull in gullible bloggers like you.
The permits will cover both Golden and Bald Eagles, are legal under the Golden and Bald Eagle Act of 1940 while the decision to issue them to power firms (they have been issued for over 70 years to Native Americans and researchers) followed due process with the Fish and Wildlife Service publishing it in the Federal Registrar for public comment.
Also, if you have done just a bit a research you would see that most of the problem with eagle being killed by turbines is with Golden Eagles which account for about 90% of eagles being killed. The reason is simple, Bald Eagles tend to live near lakes, rivers and swamps where they hunt fish, or more often, steal fish for other birds like Ospreys, places poorly suited for wind power facilities.
But rather that respond to the above I am sure you will just attack me again 🙂
I didn’t attack you. I simply pointed out that you seemed to have trouble understanding what I wrote, since you responded with a non sequitur.
But I guess that some people who have trouble with reading comprehension might interpret that as an “attack.”
Bingo! Just as I predicted, you attack the post and poster, not the facts which prove your double standard against President Obama.
Hmm cohabitation and chopping birds up, why would one be angry at one and not the other?
Rand, “reigning” in is a Kinsley Type I Gaffe — saying what one really means. It is an admission that but supporting Mr. Obama’s power grabs, they are installing him as king . . .
Last time I checked, government money for Democrat crony solar companies wasn’t on the Tea Party platform. I am sure though there is some other example though that might fit better.
You mean like for Elon Musk’s Solar City? I thought you were a fan of Elon Musk…
Does Solar City get crony money?
Well, it gets subsidies.
But, at least it’s no Solyndra.
That has nothing to do with what I said.
You were trying to say windmills were on the Tea Party platform and the only reason the TP doesn’t support them in this instance is Obama.
Now you are trying to say Musk is a Tea Partier?
Actually some Tea Partiers do support firms like Solar City.
Tea Party’s Green Faction Fights for Solar in Red States
But then since the Tea Party is not an organized party, who is able to able to say what it stands for in terms of wind and solar energy…
“But then since the Tea Party is not an organized party, who is able to able to say what it stands for in terms of wind and solar energy…”
Not you.
Government money for crony fossil fuel companies have been on the Agenda for decades.
End the subsidies to fossil fuels and we can talk about energy policy.
What subsidies? A tax deduction is not a subsidy. The net flow of funds is still from the producers to the government, not the government to the producers.
“A tax deduction is not a subsidy.”
It sure is to all the other entities that don’t get that deduction.
No, it isn’t. Refraining from taking something from someone is not a gift.
Aside from that, everyone in the mineral industry gets the same depletion allowance, and for the same reason. Your premise is flawed, and fundamentally dishonest.
What subsidies to fossil fuels?
Whenever some Leftist starts shouting about ‘EVIL FOSSIL FUEL SUBSIDIES’ I go and look at their sources, and it’s usually some utter wacko claiming that fossil fuel companies are being ‘subsidized’ by a bazilatrillion dollars by not being forced to pay ‘Carbon taxes’, or some other made-up crap.
Given the massive government interference in the energy market, I’d expect to see some dubious troughing here and there, but I’ve yet to see any evidence that the fossil fuel industry is a bigger trougher than any other field of big business, and far less than the ‘Green power’ industry.
And, yes, I’d be quite happy to see an end to all real, actual, subsidies in all fields of business.
“NEW YORK (CNNMoney) — President Obama repeated his call Tuesday for an end to $4 billion in oil industry tax breaks as gas prices approach $4 a gallon and after a top lawmaker indicated a possible shift in Republican policy.
In a letter to congressional leaders, the president said the oil industry is profitable enough without the tax incentives ,,,,
The percentage depletion allowance: This lets oil companies deduct about 15% of the money generated from a well from its taxes. Eliminating it would save about $1 billion a year.
The deduction essentially lets oil companies treat oil in the ground as capital equipment. For any industry, the value of that equipment can be written down each year.
But critics say oil in the ground is not capital equipment, but a national resource that the oil companies are simply using for their own profit.
,,,,
The foreign tax credit: This provision gives companies a credit for any taxes they pay to other countries. Altering this tax credit would save about $850 million a year.
Foreign governments can collect money from oil companies through royalties — fees for depleting their national resources — and income taxes.
A royalty would be deducted as a cost of doing business, and would likely shave about 30% off a company’s tax bill. Categorized as income tax, it is 100% deductible.
Foreign governments long ago grew wise to the U.S. tax code. To reduce costs for everyone involved and attract business, they agreed to call some royalties income taxes, allowing oil companies to take the 100% deduction on a bigger slice of their bill.
Intangible drilling costs: This lets the industry write off about $780 million a year for things like wages, fuel, repairs and hauling costs.
All industries get to write off the costs of doing business, but they must take it over the life of an investment. The oil industry gets to take the drilling credit in the first year. To top of page
“
Brilliant! Drive the small producers out of business. That’ll sure bring prices down.
Honestly, these people are economically illiterate, and you are blind being led by the blind. Do you ever even stop to think about your religious beliefs? Are you even about to add two and two together? How do you manage to breathe and keep your heart beating at the same time?
So basically dn-guy doesn’t want oil companies to have the same rights as other companies. He wants to punish them by preventing them from having the same rights and privileged of Democrat favored industries.
This is a lot like what Democrats are doing to Tea Party groups.
Don’t forget, the group that makes the most profit of a gallon of gas is the government.
dn-guy is too stupid to understand how tax breaks compensate corporations for capital investments.
It’s the same mindless idiocy which equates AR-15s to “assault rifles.”
Eh. Screw the bald eagles! What I want to know is how can I get me some o’ them waivers of Federal law from the President? Are they anything like indulgences from the Pope? If so … woohoo!
If I give a fat contribution to Organizing for America, can I get a waiver from Barack Obama that will let me cruise at any speed I want on the Interstate highway System? Can I transport fourteen-year-old girls across state lines for the purposet of some major league snu-snu? Can I buy a few dozen DEA-surplus machine guns? Inquiring minds want to know!
That reminds me–in case I don’t get to a computer tomorrow–I’d like to take this opportunity to wish the State-shtupping “New Tories” who comment here “Happy Dependence Day”!
My reaction is only slightly less vehement than this.
Honestly Bald Eagles have been delisted in the lower 48 since 2007, they haven’t even been censused since the early 2000s
While I remember how rare they were when I was a kid, those fines should probably not exist at all.
The main point here is the hypocrisy.
Of course it is hypocrisy, I was just pointing out nobody should be fined and jailed for accidentally killing a bald eagle. Now that is the hypocrisy, since clearly these people don’t care about actual eagles, as their actions show.
I actively dislike windmills for all sorts of sound traditional environmental reasons, as to solar I think it is great but it shouldn’t be subsidized by the government. If we could build a huge solar plant in the Mojave that supplied cheap reliable power I really wouldn’t care how many bald eagles it killed if they were not endangered.
I would. Because, it is so totally unnecessary. For the relative pittance of power we could draw from that solar plant, we could build a nuclear plant, or even a conventional gas fired plant, with a vastly smaller overall environmental footprint.
Solar and wind power are not “free”. Their opportunity costs, in particular, are staggering, because of their incredibly low energy density and their intermittent output.
The guys who would grind up every polar bear to get one more barrel of oil,
don’t exactly sound honest when talking about bird protection.
The guys who would grind up every polar bear to get one more barrel of oil, don’t exactly sound honest when talking about bird protection.
Do you have any idea whatsoever how stupid you come off as with idiocy like this?
I’m going with … “no. ” 🙂
Maybe so, but if it was a coal fired pl;ant killing the eagles it would result in fines and a forced plant closure.
George,
Actually this is as a result of the Obama Administration’s Justice Department requiring Duke Energy to pay $1 million in fines and to install radar to shut down the wind turbines when eagles are near.
http://www.power-eng.com/articles/2013/12/duke-energy-fined-1m-for-eagle-deaths.html
Duke Energy fined $1M for eagle deaths
12/18/2013
[[[In the settlement reached between DOJ and Duke Energy Renewables, the company will pay $400,000 to the North American Wetlands Conservation Fund, $100,000 to the state of Wyoming, $160,000 to the National Fish and Wildlife Foundation, and $340,000 to a conservation fund in Wyoming for the purchase of land for golden eagle habitat, the report said.
Duke Energy Renewables will also install radar technology designed to detect eagles approaching the sites and shut down the turbines before the eagle arrives.]]]
Tom
You realize bringing facts to the table only causes Rand to call you names.
Poor baby. It’s nothing to do with you, of course. You’re just a victim of the entire, mean old world which is out to get you.
That is how you know Rand recognizes what you are saying is correct and he is wrong 🙂
Only fools would imagine that.
That is interesting. A company gets sued by the government and Democrat activist groups get money.
If it was a Tea Party Republican doing it you would be celebrating the reigning in of over zealous environmental laws and replacing them with common sense. But since its President Obama….
Wrong. There is nothing over-zealous in protecting rare bird species, especially from the ravages of the CO2 neurosis.
Tom, you’re being an idiot. He’s not “reigning [sic] in of over zealous [sic] environmental laws.” He’s selectively enforcing them in accordance with his ideology. And no, I wouldn’t be cheering it if he were a “Tea Party Republican.”
Your ability to mind read sucks. I’d suggest that you quite attempting it, but I know it would be futile.
Rand,
Yes, it’s easy to know when I get a “hit” when I point out the double standard you have for President Obama, you lose your temper and start call folks names… But you just make it too easy. I am sure if President Obama made a speech on the Sun raising in the East you will do a post showing how it almost never rises in the East.
But some basic facts are in order here since as usual you did do any research.
First, I didn’t any complaints from you about Bald Eagles being delisted as endangered under President Bush in response to pressure from real estate developers who wanted its habitat for building homes.
http://www.cnn.com/2007/TECH/science/06/28/bald.eagle.delisting/
[[[ One landowner ready for delisting is Minnesota retiree Edmund Contoski.
Contoski, 69, wants to build five log homes on his undeveloped seven-acre property along Lake Sullivan. However, the Endangered Species Act has prohibited development within 330 feet of an active bald eagle’s nest on his property — that covers all of Contoski’s usable land.
“Eagles don’t pay taxes; I pay taxes,” Contoski said. “I’m paying taxes, and I can’t do anything with the property.”
In 2005, he challenged the Fish and Wildlife Service to make good on its 1999 proposal to delist the bald eagle. He took the agency to court and won. His court battle led to the June 28 delisting.]]]
Second, although it was delisted under the Bush Administration to allow land development it is still covered by the Bald and Golden Eagle Protection Act of 1940 which requires a permit to kill and handle eagles, which is what this specific decision addresses.
Also this is old news, the decision to allow wind power firms to apply for such “take” permits under the 1940 law was made in December, AFTER the Obama Administration was criticized for being overzealous in requiring Duke Energy to pay $1 million in fines for killing eagles and requiring them to install RADAR to shut the turbines down when eagles approached the wind farm.
http://www.power-eng.com/articles/2013/12/duke-energy-fined-1m-for-eagle-deaths.html
Duke Energy fined $1M for eagle deaths
12/18/2013
[[[In the settlement reached between DOJ and Duke Energy Renewables, the company will pay $400,000 to the North American Wetlands Conservation Fund, $100,000 to the state of Wyoming, $160,000 to the National Fish and Wildlife Foundation, and $340,000 to a conservation fund in Wyoming for the purchase of land for golden eagle habitat, the report said.
Duke Energy Renewables will also install radar technology designed to detect eagles approaching the sites and shut down the turbines before the eagle arrives.]]]
So are you now saying you are in favor of overzealous government regulators? It sounds like.
Also I guess it makes it more sensual to spread they story on the Fourth of July weekend instead of when it actually happened last year…
Correction, you did NOT do any research…
“First, I didn’t any complaints from you about Bald Eagles being delisted as endangered under President Bush in response to pressure from real estate developers who wanted its habitat for building homes. “
“In 2005, he challenged the Fish and Wildlife Service to make good on its 1999 proposal to delist the bald eagle. He took the agency to court and won. His court battle led to the June 28 delisting.”
So, your beef with Bush is that he obeyed a court ruling?
Rand is the one who seems to have a beef with Bald Eagles no longer being protected, not me. Personally I think Benjamin Franklin had the right idea with wanting to make the Turkey the national bird.
My beef is with arbitrary law enforcement, double standards, and hypocrisy. If it was coal plants killing them, there’d be no waivers.
But, you believe Bush had the ability, even the obligation, to disobey an order of the judiciary , potentially setting up a Constitutional crisis, in order to protect the eagles, and he is no better than Obama willfully targeting the eagles for destruction if he did not? Is that what you are saying?
Rand,
Once again, do your research. Its not a waiver, its a permit that is allowed under the 1940 law. And the Fish and Wildlife Department is only doing it because of the criticism the Justice Department received for Duke Energy’s $1 million dollar fine and the requirement to install ‘eagle” radar.
So you are basically saying you are in favor for such zealous regulation when it involves an industry you hate. Or would you oppose coal power plants killing eagles as well?
Also, if you are so against it why didn’t you comment during the Fish and Wildlife open comment period last year?
I’m sorry you had so much trouble understanding what I wrote. Pretty sure it’s not my fault.
Bart,
FYI
http://www.martenlaw.com/newsletter/20060913-delist-bald-eagles
Note, that its a District Court, which means the Bush Administration decided not to appeal the decision to a higher court. In short, they did not fight it even though they could have which implies they wanted that result.
But, they did fight it. In the District Court. Perhaps they gave it their best shot, and realized that, short of Congressional action, it would be futile to continue.
Rand,
You are the one that seems to have trouble evaluating the material on some of the blogs you link to. If you have done some research you would know that the blogger was not only writing about a policy decision made months ago but also has a misleading headline, designed to pull in gullible bloggers like you.
The permits will cover both Golden and Bald Eagles, are legal under the Golden and Bald Eagle Act of 1940 while the decision to issue them to power firms (they have been issued for over 70 years to Native Americans and researchers) followed due process with the Fish and Wildlife Service publishing it in the Federal Registrar for public comment.
Also, if you have done just a bit a research you would see that most of the problem with eagle being killed by turbines is with Golden Eagles which account for about 90% of eagles being killed. The reason is simple, Bald Eagles tend to live near lakes, rivers and swamps where they hunt fish, or more often, steal fish for other birds like Ospreys, places poorly suited for wind power facilities.
But rather that respond to the above I am sure you will just attack me again 🙂
I didn’t attack you. I simply pointed out that you seemed to have trouble understanding what I wrote, since you responded with a non sequitur.
But I guess that some people who have trouble with reading comprehension might interpret that as an “attack.”
Bingo! Just as I predicted, you attack the post and poster, not the facts which prove your double standard against President Obama.
Hmm cohabitation and chopping birds up, why would one be angry at one and not the other?
Rand, “reigning” in is a Kinsley Type I Gaffe — saying what one really means. It is an admission that but supporting Mr. Obama’s power grabs, they are installing him as king . . .
Last time I checked, government money for Democrat crony solar companies wasn’t on the Tea Party platform. I am sure though there is some other example though that might fit better.
You mean like for Elon Musk’s Solar City? I thought you were a fan of Elon Musk…
Does Solar City get crony money?
Well, it gets subsidies.
But, at least it’s no Solyndra.
That has nothing to do with what I said.
You were trying to say windmills were on the Tea Party platform and the only reason the TP doesn’t support them in this instance is Obama.
Now you are trying to say Musk is a Tea Partier?
Actually some Tea Partiers do support firms like Solar City.
http://www.bloomberg.com/news/2013-11-12/tea-party-s-green-faction-fights-for-solar-in-red-states.html
Tea Party’s Green Faction Fights for Solar in Red States
But then since the Tea Party is not an organized party, who is able to able to say what it stands for in terms of wind and solar energy…
“But then since the Tea Party is not an organized party, who is able to able to say what it stands for in terms of wind and solar energy…”
Not you.
Government money for crony fossil fuel companies have been on the Agenda for decades.
End the subsidies to fossil fuels and we can talk about energy policy.
What subsidies? A tax deduction is not a subsidy. The net flow of funds is still from the producers to the government, not the government to the producers.
“A tax deduction is not a subsidy.”
It sure is to all the other entities that don’t get that deduction.
No, it isn’t. Refraining from taking something from someone is not a gift.
Aside from that, everyone in the mineral industry gets the same depletion allowance, and for the same reason. Your premise is flawed, and fundamentally dishonest.
What subsidies to fossil fuels?
Whenever some Leftist starts shouting about ‘EVIL FOSSIL FUEL SUBSIDIES’ I go and look at their sources, and it’s usually some utter wacko claiming that fossil fuel companies are being ‘subsidized’ by a bazilatrillion dollars by not being forced to pay ‘Carbon taxes’, or some other made-up crap.
Given the massive government interference in the energy market, I’d expect to see some dubious troughing here and there, but I’ve yet to see any evidence that the fossil fuel industry is a bigger trougher than any other field of big business, and far less than the ‘Green power’ industry.
And, yes, I’d be quite happy to see an end to all real, actual, subsidies in all fields of business.
http://money.cnn.com/2011/04/26/news/economy/oil_tax_breaks_obama/
“NEW YORK (CNNMoney) — President Obama repeated his call Tuesday for an end to $4 billion in oil industry tax breaks as gas prices approach $4 a gallon and after a top lawmaker indicated a possible shift in Republican policy.
In a letter to congressional leaders, the president said the oil industry is profitable enough without the tax incentives ,,,,
The percentage depletion allowance: This lets oil companies deduct about 15% of the money generated from a well from its taxes. Eliminating it would save about $1 billion a year.
The deduction essentially lets oil companies treat oil in the ground as capital equipment. For any industry, the value of that equipment can be written down each year.
But critics say oil in the ground is not capital equipment, but a national resource that the oil companies are simply using for their own profit.
,,,,
The foreign tax credit: This provision gives companies a credit for any taxes they pay to other countries. Altering this tax credit would save about $850 million a year.
Foreign governments can collect money from oil companies through royalties — fees for depleting their national resources — and income taxes.
A royalty would be deducted as a cost of doing business, and would likely shave about 30% off a company’s tax bill. Categorized as income tax, it is 100% deductible.
Foreign governments long ago grew wise to the U.S. tax code. To reduce costs for everyone involved and attract business, they agreed to call some royalties income taxes, allowing oil companies to take the 100% deduction on a bigger slice of their bill.
Intangible drilling costs: This lets the industry write off about $780 million a year for things like wages, fuel, repairs and hauling costs.
All industries get to write off the costs of doing business, but they must take it over the life of an investment. The oil industry gets to take the drilling credit in the first year. To top of page
“
Brilliant! Drive the small producers out of business. That’ll sure bring prices down.
Honestly, these people are economically illiterate, and you are blind being led by the blind. Do you ever even stop to think about your religious beliefs? Are you even about to add two and two together? How do you manage to breathe and keep your heart beating at the same time?
So basically dn-guy doesn’t want oil companies to have the same rights as other companies. He wants to punish them by preventing them from having the same rights and privileged of Democrat favored industries.
This is a lot like what Democrats are doing to Tea Party groups.
Don’t forget, the group that makes the most profit of a gallon of gas is the government.
dn-guy is too stupid to understand how tax breaks compensate corporations for capital investments.
It’s the same mindless idiocy which equates AR-15s to “assault rifles.”
Eh. Screw the bald eagles! What I want to know is how can I get me some o’ them waivers of Federal law from the President? Are they anything like indulgences from the Pope? If so … woohoo!
If I give a fat contribution to Organizing for America, can I get a waiver from Barack Obama that will let me cruise at any speed I want on the Interstate highway System? Can I transport fourteen-year-old girls across state lines for the purposet of some major league snu-snu? Can I buy a few dozen DEA-surplus machine guns? Inquiring minds want to know!