Posts tagged ‘Oil Companies’

October 16, 2011

Occupy A Paycheck

by lewwaters

We have all been seeing in the news about Occupy Wall Street, Occupy Portland, and Occupy Denver; Occupy everything except a bar of soap for some. The common theme we hear is that there are no jobs, corporate greed is holding back on jobs, the rich are stingy and not “paying their fair share” in taxes. The claim is that 1% holds all of the wealth and that 99% apparently do not, leading one to believe that 99% of the country is broke, out of work and dying of hunger.

According to the National Taxpayers Union, the so called rich already pays a disproportionate amount of income taxes and we also know that 47% of lower wage earners pays no income taxes.

Beyond taxes, as I said above, corporations are accused of being greedy, not wanting to hire people while they hold massive amounts of profits, yadda, yadda, yadda. That too is not quite accurate as there are corporations ready, willing and all too able to hire up to one million workers and it is the government blocking the access to those jobs.

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May 24, 2011

Let the Day After Memorial Day Be the Beginning of the Summer of Recovery

by lewwaters

Once again, Memorial Day, a day that has been set aside to pay homage to those who have fallen in service to our country and have given us the freedoms and liberties we enjoy with the sacrifice of their lives is upon us. Some communities may still hold parades; most all will hold some sort of ceremony to honor our fallen.

Like the last couple Memorial Days, this one will be held under the shadow of not only an ongoing war, but a deeply depressed economy and divided nation. Politicians, many of whom have gotten us into this mess, will undoubtedly step forward and make their speeches and no doubt, some will take advantage of the day to score a few political points.

But, who will actually take the bull by the horns and do what is needed to correct this elongated Great Recession we remain in?

As well as being a day to honor our fallen heroes, Memorial Day is also considered the official kick-off to the summer, where people across the country will go on vacation, visit relatives and friends far distances from them and get out and enjoy the countryside as much as they may.

With gas breaking $4.00 a gallon, unemployment still riding high, taxes going up all over, business still failing and the dark mood of the nation because of it, many less trips will be taken than was just a few years ago. Ultimately, that will result in making the situation worse as even less tax revenues from summer purchases will be made.

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May 8, 2011

Oil Companies. Tax Cheats or Boogieman?

by lewwaters

In this troubling economic times, the government, instead of admitting their own malfeasance and years of mismanagement by both parties, and continuing their assault on business, businesses that create millions of decent wage jobs, have began calling for an end to Oil Company Subsidies.

Right away, with the crafty and misleading use of the word “subsidy,” that conjures visions of cash payments from the government to the oil companies, a false impression is created. The oil companies receive no payment from the government, but like other companies, receive some tax breaks to recoup some expenses and in turn, create or maintain more jobs.

Replying to Obama’s calls to “eliminate unwarranted tax breaks for the oil and gas industry and use the dollars to invest in clean energy,” Republican Speaker of the House, John Boehner said that cutting the subsidies to oil companies is “certainly something we should be looking at,” adding, “We are in a time when the federal government’s short on revenues. We need to control spending, but we need to have revenues to get the government moving. They ought to be paying their fair share.”

“Paying their fair share?”

Oil giant ExxonMobil is often the target of government with claims of they paid no taxes in 2009, a claim even Politifact declares FALSE!

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