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Because of gasoline taxes paid by motorists, the government takes in far more money on a gallon of gasoline than an oil company does. How much more?
Through the combination of state and federal taxes, the government collects an average 48 cents on each gallon of gasoline sold in the United States. Gasoline taxes are far higher in some states, such as California and New York, where motorists pay about 66 cents. Taxes are even higher on diesel, which fuels commercial transportation.
By contrast, during the first three months of this year, for every gallon of gasoline and other products ExxonMobil refined and sold in the United States, we earned about 7 cents.
The government earns something like 50-65 cents per gallon in taxes and the oil companies only profit something like 7 cents.
That’s why we’re cheering Rep. Tim Bishop (D-NY) and his new bill H.R. 3596, The United States Call Center Worker and Consumer Protection Act. Not only does the bill keep taxpayer-funded loans and grants from going to companies who outsource call center jobs, it would also require those companies to report their outsourcing in advance to the Department of Labor.
"I need some Republicans to explain to me how they juxtapose these scenarios: First, Corporate profits has risen to a fifty-yr all time high, while unemployment remain fairly high. Second, Oil companies are making record profit, while gas prices is at its highest.
Now, my question to the Republicans are: 1. If their arguments and economic philosophy that more corporate profits equals more jobs were true, shouldn't unemployment be at its lowest, considering the record profits corporations are making?
2. Why should Americans continue the tax break for oil companies, when the more profits they make, the higher our gas prices?
Source
3. Aftermath of the above facts, who is the Republicans actually working for, the people or Corporations and the wealthy 1%?"
Corporate profits are not just profits for a few.
Corporations in this country cannot compete in the world market because we have the highest corporate tax rate in the world. When corporations pay the highest tax, they have to go to the lowest labor market. Ie, China and Mexico. Corporations are making jobs everywhere but here. It's just that people want to start entry level jobs at 50K a year without any experience or education. Have you seen why American jobs are going overseas? It is because our blue collar workers can't spell, write, or even do basic math which is important in todays industries.
"I need some Republicans to explain to me how they juxtapose these scenarios: First, Corporate profits has risen to a fifty-yr all time high, while unemployment remain fairly high. Second, Oil companies are making record profit, while gas prices is at its highest.
Now, my question to the Republicans are: 1. If their arguments and economic philosophy that more corporate profits equals more jobs were true, shouldn't unemployment be at its lowest, considering the record profits corporations are making? 2. Why should Americans continue the tax break for oil companies, when the more profits they make, the higher our gas prices? 3. Aftermath of the above facts, who is the Republicans actually working for, the people or Corporations and the wealthy 1%?"
the fact that when people answer this question they either don't have any real answers or they have to answer with what seems to be pages of information tells me that the issue is so freakishly convoluted.
yes a few have given real answers, i don't begrudge you that. you are one of the more thoughtful people i've come across here. but these things shouldn't be so complicated. it's when things become so complicated and when "the people" can't affect change is when you realize something is very wrong.
i admit i am guilty of "pithy one-liners" but that's just me. i don't live in arizona, but i sure hope i didn't offend anyone.
i don't believe things are so cut and dry all the time, but there is something to be said about simplicity, don't you think?
Originally posted by JaxonRoberts
I read this on faceborg earlier today, and I wanted to ask these very questions of our always vocal Conservative Republican members:
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"I need some Republicans to explain to me how they juxtapose these scenarios: First, Corporate profits has risen to a fifty-yr all time high, while unemployment remain fairly high. Second, Oil companies are making record profit, while gas prices is at its highest.
Now, my question to the Republicans are: 1. If their arguments and economic philosophy that more corporate profits equals more jobs were true, shouldn't unemployment be at its lowest, considering the record profits corporations are making? 2. Why should Americans continue the tax break for oil companies, when the more profits they make, the higher our gas prices? 3. Aftermath of the above facts, who is the Republicans actually working for, the people or Corporations and the wealthy 1%?"
Originally posted by Alxandro
reply to post by JaxonRoberts
High corporate profits.
High unemployment.
High oil profits.
High price of gas.
You are griping about Republicans yet a Repuplican isn't even in the White House.
That familiar Fear by smear tactic is getting old