The three broadcast network evening newscasts on Tuesday framed coverage, of a Democratic Senate plan to somehow lower gas prices by imposing a “windfall profits” tax on oil companies which they would just pass on to consumers, around how Republicans “blocked” the effort. No one cast any doubt on the presumption the oil companies are earning “windfall” and/or “excessive” profits.
Fill-in NBC anchor Ann Curry's very short update: “Now to the high price of oil and gas. Senate Republicans today blocked a Democratic plan to impose a windfall profit tax on oil companies.” CBS's Katie Couric, who unlike Curry at least noted how “Republicans said it would have done nothing to lower the price of gas,” asserted: “Senate Republicans today blocked Democrats from slapping a tax on the windfall profits of oil companies.”
ABC twice displayed on screen text favorable to the liberal position: “Senate Republicans block Democratic plan to tax oil companies' windfall profits.” And: “Special tax for excessive oil profits.”
“In Washington today,” ABC anchor Charles Gibson fretted, “instead of addressing the nation's concerns about high gas prices, the Senate killed a new energy bill.” Senate Democrats, he explained, “have proposed a windfall profits tax on big oil companies. Republicans blocked it, arguing it would do nothing really to bring down gas prices.”
Jake Tapper reported: “Killed on the Senate floor today, a Democratic energy bill that would have imposed a windfall profits tax on oil companies -- a special tax on excessive profits that oil companies don't reinvest in new energy sources.” In his story centered on partisan gridlock, Tapper at least recalled: “Today's vote came just a few weeks after a Republican energy plan was killed, a bill to open more areas of the U.S. to drilling -- for instance, in Alaska.”
With “OIL PROFITS” as the on-screen header, Ann Curry announced on the NBC Nightly News:
Now to the high price of oil and gas. Senate Republicans today blocked a Democratic plan to impose a windfall profit tax on oil companies. That news came on a wild day on the oil markets as prices first surged, then fell back, and then finished down just over $3 at $131.31 a barrel.
With “WINDFALL PROFITS TAX” on screen, Katie Couric relayed on the CBS Evening News:
Senate Republicans today blocked Democrats from slapping a tax on the windfall profits of oil companies. The Republicans said it would have done nothing to lower the price of gas which tonight is a nationwide average $4.04 a gallon. The Energy Department predicted today gas prices will top out in August when they'll average $4.15 a gallon.
The MRC's Brad Wilmouth corrected the closed-captioning against the video to provide this transcript of the story on the Tuesday, June 10 edition of ABC's World News:
CHARLES GIBSON: In Washington today, instead of addressing the nation's concerns about high gas prices, the Senate killed a new energy bill, and the partisan divisions were evident, and were deep. Senate Democrats have proposed a windfall profits tax on big oil companies. Republicans blocked it, arguing it would do nothing really to bring down gas prices. Our chief political correspondent, Jake Tapper, is on Capitol Hill tonight. Jake?JAKE TAPPER: Good evening, Charlie. Well, consumers looking to Congress to do something today about this energy crisis should probably look elsewhere. Democrats and Republicans agree on one thing: The American people are worried.
MITCH MCCONNELL, SENATE MINORITY LEADER: The price of oil is just scaring the American people to death.
SENATOR BYRON DORGAN (D-ND): The American people are furious about what's going on.
TAPPER: But they cannot agree on much else. Killed on the Senate floor today, a Democratic energy bill that would have imposed a windfall profits tax on oil companies -- a special tax on excessive profits that oil companies don't reinvest in new energy sources. The bill also would have given the Attorney General the ability to sue OPEC countries for price-fixing. The bill died on a largely party-line vote.
SENATOR CLAIRE MCCASKILL (D-MO): I hope the people of this country rise up and scream like they've never screamed before. How dare us do nothing?
TAPPER: Today's vote came just a few weeks after a Republican energy plan was killed, a bill to open more areas of the U.S. to drilling -- for instance, in Alaska.
SENATOR KAY BAILEY HUTCHISON: Anyone in America who is filling their gas tank must think that Congress is fiddling while Rome burns.
MCCONNELL: It is a supply and demand problem.
TAPPER: Energy analysts say the prices of oil and gas are not coming down anytime soon.
UNIDENTIFIED MAN: We have a perfect storm of problems here that have come together -- security problems related to oil, environmental problems related to oil, and now price problems related to oil.
TAPPER: And yet, on Capitol Hill, gridlock.
SENATOR BERNARD SANDERS (I-VT): If this weren't so pathetic, it would really be funny.
TAPPER: Neither bill would have had any immediate impact on gas prices, which is, of course, what consumers are clamoring for, but experts were hoping that this crisis could prompt lawmakers to work together to come up with a bipartisan long-term solution. But, Charlie, that is not happening.
—Brent Baker is Vice President for Research and Publications at the Media Research Center





TAPPER: But they cannot agree on much else. Killed on the Senate floor today, a Democratic energy bill that would have imposed a windfall profits tax on oil companies -- a special tax on excessive profits that oil companies don't reinvest in new energy sources. The bill also would have given the Attorney General the ability to sue OPEC countries for price-fixing. The bill died on a largely party-line vote.
TAPPER: Energy analysts say the prices of oil and gas are not coming down anytime soon.













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ahem, Repubs don't run the
June 10, 2008 - 21:18 ET by TruthMongerahem, Repubs don't run the Senate:)...
squirm Demmies, squirm...
TM - they filibustered
June 10, 2008 - 21:25 ET by Dee BunkWhich is a good thing. There is no way taxes can bring down prices. It's pure craziness. Taxes would raise prices.
Does anyone know how the Dems making a bill saying we can sue OPEC would make OPEC honor that? That makes no sense to me either, but maybe I'm unfamiliar with something there.
Dee... You're not missing
June 10, 2008 - 21:41 ET by bigtimerDee...
You're not missing anything... OPEC had to be laughing their arses off when they first got wind of this...
Yep...shaking in their sandals ineed!
"Never murder your opponent when he is committing suicide." ~ W. Wilson
LOL - shaking in their sandals
June 10, 2008 - 21:46 ET by Dee BunkThat's hysterical BT.
The Dems are the party of empty panderers. They're all about sounding tough without doing anything. They also pretend to be "working hard" on the oil problem while only offering some empty solution that would sound good to people who know nothing about economics.
That was my thought too,
June 10, 2008 - 22:00 ET by motherbeltThat was my thought too, Dee.
Raising taxes on the oil companies will bring down gas prices....how?
But you know, they just feel better sticking it to the oil companies. They still haven't learned: corporations don't pay taxes; people pay taxes.
BTW, here's the link I put in another thread...Boortz has info on who gets cheated out of those profits when they shaft the oil companies (Hint: it ain't "the wealthiest Americans")
That's a great article MB - the liberals are all about tricking
June 10, 2008 - 23:01 ET by Dee Bunkthe public into thinking they are acting on their behalf. I didn't know (or forgot) that this was an Obama platform position. No wonder the MSM is touting this complete nonsense as a good idea.
SENATOR CLAIRE
June 11, 2008 - 08:00 ET by general companySENATOR CLAIRE MCCASKILL (D-MO): I hope the people of this country rise up and scream like they've never screamed before. How dare us do nothing?
What the heck did he just say? You sorry chump, you havent done anything for 7yrs except whine like a dog, but now your upset?
"Television is a freak show" Bernie Goldberg
General - the Dems are a one trick Pony - Raising Taxes solves
June 11, 2008 - 08:12 ET by Dee Bunkall problems. How they have been able to sell that to people is just amazing to me. I can't believe how a large segment of the country can buy into that.
...and we know what
June 10, 2008 - 21:20 ET by MidAmerica...and we know what 'bipartisan' means in Washington, Republicans signing on to a democrat plan.
Mid A... Ain't that the
June 10, 2008 - 21:28 ET by Clear thinkerMid A...
Ain't that the truth!
"Abstain from McCain"
Is this REAL ? Are The DEMS Smarter than a 5th Grader ?
June 10, 2008 - 21:21 ET by JayTeeDON"T RE-ELECT ANYONE !!!
The Republican Revolution will not be Televised
Do these fools in the media
June 10, 2008 - 21:23 ET by NL207Do these fools in the media actually believe this bullsh**?
Apparently.
June 10, 2008 - 21:44 ET by BlondeIt's just nuts....off the hook.
I am totally baffled that people believe this inanity (insanity?).
David Gregory, do you know which damn network you lie for? ~ Uncle Jimbo, @Blackfive
What is excessive oil profit?
June 10, 2008 - 21:32 ET by Clear thinkerThe wording in the one graphic included with this post has me wondering. Maybe someone here can help me out with a logical answer....
What the hell is an "excessive oil profit"!
"Abstain from McCain"
It's similar to excessive
June 10, 2008 - 21:35 ET by SmartypantsIt's similar to excessive taxation, except liberals don't like it.
Smartypants... Isn't this
June 10, 2008 - 21:43 ET by Clear thinkerSmartypants...
Isn't this insane? Although your logic seems crazy at a first read, it's closer to the truth than people may ever admit to.
So I will follow-up my original question with another.... What the hell is happening to our country?
Logic has been MURDERED in the USA.
"Abstain from McCain"
It's No Better in Print
June 10, 2008 - 21:29 ET by SmartypantsThe written version of this story making its way around the web and in print publications is no better. They are all framed from the position that the Democrats' plan was some saving grace, and the mean Republicans stepped in the way to help out their "big oil" buddies. There is absolutely no analysis provided as to how a tax on "excessive" oil profits is going to do anything to lower oil prices, just a plethora of emotional drivel designed to stoke the uninformed electorate.
Anybody who refuses to believe in a liberal media bias need look no further than how this story is being handled by the major networks and written media outlets. They are taking advantage of the current run-up in energy prices and finding a way of blaming it squarely on Republicans, who will probably quietly accept it as they usually do. The media in this country truly needs to examine itself and the way it conducts business, because it does not come remotely close to the objective watchdog it is supposed to be.
"They are all framed from
June 11, 2008 - 01:22 ET by Schnikeys"They are all framed from the position that the Democrats' plan was some
saving grace, and the mean Republicans stepped in the way to help out
their 'big oil' buddies."
That's sort of what I got from it as well.
------------------------------------------------------------
"It could be the answer to our age-old, philosophical question, 'Why are we here?' PLASTIC!"
SENATOR BERNARD SANDERS
June 10, 2008 - 21:38 ET by bigtimerSENATOR BERNARD SANDERS (I-VT): If this weren't so pathetic, it would really be funny.
He said it all.
If the republicans do not get out there in masses everyday and tell the who, what, where, why and when.... about all of this, explain realistically how long this will take because of the dems and RINOs hold up over the years ....if they explain this will bring down prices with our own self-dependency if we start drilling...blah blah blah... if not, we will lose tons of seats in the House and Senate... we will overcome if we start doing this all NOW...
"Never murder your opponent when he is committing suicide." ~ W. Wilson
BT...The Issue IS....Air Time, Face Time, for ANY Republican
June 10, 2008 - 21:57 ET by JayTeeRepublicans can't get an ounce of Obama's TV Air Time....The MSM is donating 90% of their Air time to Obama's Campaign, and 100% of Hillary's Face Time. It's MSM management by Omission...Hear/SEE/Speak no Evil republican talk.
What we are seeing is a Competition for Public Attention.
People live their own lives and don't even know what Congress is doing, until it is Done, or almost voted upon.
The United States Military is at WAR, Americans are at the Mall. Congress had declared War on Freedom and the Economy, Most Americans don't have a Clue what Congress is doing.
But I think the 4 $ a Gallon Gas Prices might make Americans suddenly take an Interest, and Pelosi and Company are on the "front row".
The Blogs, the Internet, are in a Battle for Truth with the Lying MSM SOB's. May the Best Media Win.
The Republican Revolution will not be Televised
jt
June 10, 2008 - 22:24 ET by the struggler"Lying MSM SOB's"...And how.
CNN Money
June 10, 2008 - 21:45 ET by jcrapes42 months ago or so CNN Money had an article stating that a windfall tax would more likely mean higher gas prices. I just don't understand how any politician could believe that raising the taxes on a product would lower its cost. I guess the next thing the Democrats will do is outlaw us from using gas until the prices come down. Do anything but increase domestic production.
JC, No politician believes
June 11, 2008 - 08:44 ET by MassConservJC, No politician believes that raising taxes will lower the cost of a product. They just see it as a way to get their grubby little mitts on a new source of "fun" money. Of course, the only ones having fun with it would be themselves as they're using it to play the special edition Congressional Monopoly(TM)(R).
The Silent Minority
June 10, 2008 - 22:08 ET by captainfishWhat is really confusing is how the RINOs in Congress are all silent on this issue. By t heir silence, they have no opinion in the matter. They should be speaking out louder than the democraps. They should be throwing bill after bill to increase domestic drilling and production. However, all the Republican party has in Congress are RINOs who love to increase spending.
Is it copyright when the broadcast media speak verbatim the AP article that came out earlier?
http://news.yahoo.co... and
http://www.washingto...
The one thing these.............
June 10, 2008 - 22:44 ET by BEGRUNTvillage idiots dont understand, is that these companies are owned by these people called "stock holders". These "stock holders", are the real ones that own the corporation. It will be the "stock holders" that will take the hit of any tax increase, as well as the consumer. "Stock holders", can be anyone, from your Grandmother to your Uncle.......these are the people that will be hurt the most.
"If a man does his best, what else is there"?
General George S. Patton Jr.
Crickets from our "moderate" liberals on this thread also
June 10, 2008 - 22:56 ET by Dee BunkI noticed someone mentioned it on the other Gas tax thread. Even they can't defend this. Their far left driven leaders are going to keep doing this kind of nonsense.
Taxes, for only oil execs, not oil companies
June 11, 2008 - 00:35 ET by wdhorningIf we want U.S. oil companies to find us more domestic oil and buy less OPEC oil, then I suggest this extra profits be used for that purpose. And so long as they are actually used for that purpose, no windfall tax should be imposed. Now if they just use it to fill their personal bank accounts, then a tax is in order, but only on oil execs themselves, not what is left in oil company bank accounts.
Of course Democrats want us to have less oil. Why? Because they are stupid. And of course less oil is higher prices. Because they are stupid.
Flawed Logic on Taxing Oil Execs and Domestic Oil Access
June 11, 2008 - 01:33 ET by PopularTech1. U.S. Oil Companies are not allowed to develop known domestic oil supplies because the Democrats and Environmentalists keep blocking them from doing so. This has nothing to do with money.
2. What an oil exec does with their money is their business just like what I or you do with ours is. This is irrelevant to the current situation and taxing them will solve nothing but give the government more money to waste. This is simply an emotional issue and will do nothing for the price of gas.
Here is a good video on the subject of CEO salaries:
Greed (1/3) (Video) (12min) (John Stossel, ABC News)
Greed (2/3) (Video) (13min) (John Stossel, ABC News)
Greed (3/3) (Video) (14min) (John Stossel, ABC News)
The Anti 'Man-Made' Global Warming Resource
the real problem with the lack of domestic oil production
June 11, 2008 - 07:39 ET by larry on LIit is all about money! why else would the contributions to congressional members ,on both sides of the isle, who vote against domestic production get the largest amounts.strange but true and the msm is silent.
Mark Levin stated the
June 11, 2008 - 07:34 ET by msh1973Mark Levin stated the following, which he got from SeekingAlpha.com; Mark J. Perry, Ph.D
"Conclusion: In other words, just one corporation (Exxon Mobil) pays as much in taxes ($27 billion) annually as the entire bottom 50% of individual taxpayers, which is 65,000,000 people! Further, the tax rate for the bottom 50% is only 3% of adjusted gross income ($27.4 billion / $922 billion), and the tax rate for Exxon was 41% in 2006 ($67.4 billion in taxable income, $27.9 billion in taxes)." (credit to Dr. Perry)
This is crazy folks, this information will never see its way to the msm. It is up to us to get the truth out.
Thanks for that info, msh!
June 11, 2008 - 07:47 ET by motherbeltThanks for that info, msh! But it doesn't matter to liberals.
To a liberal, the answer to the question, "How much tax should Exxon (or any similar huge corporation) pay?" The answer is always "More."
Who Will Be Having The Windfall?
June 11, 2008 - 14:50 ET by Wildcatter1980Who is assuming the risk of exploring for new oil reserves, pumping it out of the ground, refining it, distributing/transporting it, and selling it? Who is just sitting back and reaping the benefits of revenues from each gallon sold? Who pays all taxes, even those on the oil companies?
The oil companies, the US Government, and the people, respectively.
And, who will reap the windfall whether or not this measure had become law?
The US Government!
'Nuf said!