Rising Gas Prices, Historic Deficits Spell Advantage Democrats? So Says NYT's Carl Hulse
New York Times congressional reporter Carl Hulse, whose reporting has been somewhat more balanced of late, reverted to old partisan habits in Monday’s story, "Democrats’ Plan Would Offset Deficit by Ending Big Oil’s Tax Breaks."
Hulse pushed Democratic enthusiasm over the party's latest talking points attempting to place Republicans on the defensive, this time managing to find Democratic optimism in a story about high gas prices and the deficit, without sparing a word of blame against President Obama for either problem.
Democrats are targeting "the five largest and most profitable oil companies: BP, Exxon Mobil, Shell, Chevron and Conoco Phillips."
Linking two of the politically volatile issues of the moment, Senate Democrats say they will move forward this week with a plan that would eliminate tax breaks for big oil companies and divert the savings to offset the deficit.
With high gas prices and rising federal deficits in the political spotlight, senior Democrats believe that tying the two together will put pressure on Senate Republicans to support the measure or face a difficult time explaining their opposition to voters whose family budgets are being strained by fuel prices.
President Obama and some top Congressional Democrats have said they want to take some of an estimated $21 billion in savings from ending the tax breaks and steer it to clean energy projects. But the Senate’s Democratic leadership is calculating that using it to cut the deficit instead makes it a tougher issue politically for Republicans who are trying to burnish their conservative fiscal credentials.
"Big Oil certainly doesn’t need the collective money of taxpayers in this country," said Senator Robert Menendez, Democrat of New Jersey, one of the authors of the legislation that Democrats intend to showcase. "This is as good a time as any in terms of pain at the pump and in revenues needed for deficit reduction."
Hulse only got around to quoting a G.O.P. rebuttal in paragraph seven. And after quoting a spokesman for Republican Sen. Mitch McConnell pointing out Democrats have been criticizing oil company profits for decades, Hulse concluded by suggesting the Democrats had the superior strategy, including a rah-rah quote from a Democratic pol.
But Democrats said they see themselves as occupying the political and policy high ground in this case. They noted that top Republicans like Speaker John A. Boehner and Representative Paul D. Ryan, the Wisconsin Republican who is chairman of the House Budget Committee, have suggested that industry subsidies might have to be curbed.
Even talk of Republican delaying tactics does not seem to disturb Democrats who are eager to engage in a fight about oil.
"I am happy to have this debate on the floor for days," Mr. Menendez said.
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Comments
...and how
Submitted by johnsonl on Mon, 05/09/2011 - 5:04pm.
would this lower gas prices?
It wont
Submitted by Boudin on Mon, 05/09/2011 - 5:12pm.
Nor will the double talk that goes along with it. Frauds,,,,, forget about reality the dimwit says,, just trust me.
This guy, and many like him are so full of crap, they have no idea what fresh air smells like anymore.
End the breaks, let them find our what their policies cause
Submitted by Funbowhunter on Mon, 05/09/2011 - 5:15pm.
We should not be funding research and development anyway. While they are at it, we can end the state/oil company collusion on price fixing at the pump. We can also require gas companies to separate the taxes to the end of the receipt so we can see how much is going for taxes, AND the oil companies can't claim that they are paying BILLIONS out of their profits in taxes, when in fact it is taken from us at the pump and THEY send it into the government. Nice slight of hand there in their latest bellyaching about how much they pay in taxes. Not buying the hype from either side any more.
Another simple mind
Submitted by Boudin on Mon, 05/09/2011 - 5:22pm.
So when the oil companies buy materials for drilling, transportation, or production or development, they do so tax free eh?
Did you know the fed makes more off of a gallon of gas then the oil company, more off of a pack of smokes, off of a automobile, off of a airline ticket, and just about anything else you purchase.
Tell us how much more the Fed should tax them, because I would like to know just how much, is enough for the simple mind.
Funbow
Submitted by Franksam on Tue, 05/10/2011 - 4:34am.
If we ended tax considerations for oil companies, we'd have to stop them for car companies and farmers, windfarms,etc, You're against those big tax breaks too, right? I know I am, but I might accept the trade-off. Tax Exxon just like GM, and get the Volt into extinction ASAP,
I bet Carl Hulse gave himself a migraine coming up with this
Submitted by Dave. on Mon, 05/09/2011 - 5:31pm.
Mental gymnastics of this sort must really be painful.
-Dave
Vote for the American in November
IF this was a convo about
Submitted by amyshulk on Mon, 05/09/2011 - 5:33pm.
IF this was a convo about ridding ourselves of ALL crony capitalism, I'd march in that parade! But it's not - it's a dagger held at the throats of our economy "for our own good" for POLITICAL GAIN!!!
I'm ill..
Ronald Reagan
defict
Submitted by ferv888 on Mon, 05/09/2011 - 5:57pm.
What the hell is wrong with these guys. We are talking 4.5B in tax relief. Maybe we should go after that paragon of virtue to the tax man, GE with no taxes paid, or how about GM which received a 45B tax break for their BK which was most unusual. Or how about the electric car company in California that promised all those jobs for stimulus money, not!!!!!!!!!!
Take away the subsidy and guess what, cost goes up, price is reflected and Chu's wish comes more than ever close to Europe's pricing model.
GET THEM ALL THE HELL OUT OF WASHINGTON
British Petroleum
Submitted by Superpower on Mon, 05/09/2011 - 6:59pm.
Didn't BP drop a ton a cash on the 2008 obama campaign? ...and then coughed up a twenty billion dollar slush fund for the administration to disperse to Americans effected by the Gulf oil leak of which only a few million has been spent?
A couple of weeks ago, Mark
Submitted by stratman on Mon, 05/09/2011 - 7:02pm.
A couple of weeks ago, Mark Levin talked about big oil tax breaks. Levin said something about big oil company tax breaks ended years ago and these tax breaks were for little oil companies currently. The gist I got from it was the Left was demagoguing a situation that doesn't exist anymore, at least not to the extant implied.
Does anyone recall the discussion or know what Levin was referring to?
Yep, I do
Submitted by Boudin on Mon, 05/09/2011 - 7:14pm.
The tax breaks for the small producers, are similar to what any other small business can apply for.
Levin made a point that most
Submitted by stratman on Mon, 05/09/2011 - 7:37pm.
Levin made a point that most in the government do not know this. He mentioned Speaker Boehner as one of the clueless on this manner.
If so, it is no wonder the Right has made little effort in combating the Left on this matter.
Or in any manor,
Submitted by Boudin on Mon, 05/09/2011 - 7:52pm.
My guy aint sleeping on it! He is all over this BS, as well as Bobby
Good!
Submitted by stratman on Mon, 05/09/2011 - 9:09pm.
Good! Keep the heat on these rapacious demagogues.
So, my bet is once the
Submitted by hbnolikeee on Mon, 05/09/2011 - 9:01pm.
price of gas breaks $5.00, the GOP could win with a pile of turds.
Their Gas Tank is Empty...
Submitted by Chris Norman on Mon, 05/09/2011 - 9:40pm.
Out of ideas, at least any ideas that actually work, Democrats are now left with just hatred of Republicans and punishing anything and anyone they think people may dislike to get some votes from the bitter and envious.