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Posted by: injest 1 year, 5 months ago
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injest1 year, 5 months ago
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Headline:
Senate GOP blocks windfall taxes on Big Oil
Truth:
Senate GOP blocks windfall taxes on All Americans
"The Democratic energy package would have imposed a 25 percent tax on any "unreasonable" profits"
Define "unreasonable" profits. Is it 1% of gross sales?
1% above net? 5% above net
"of the five largest U.S. oil companies, which together made $36 billion during the first three months of the year."
$36 billion without context, net or gross, this is a meaningless number.
"Obama, in a statement, said Republicans had "turned a blind eye to the plight of America's working families" by refusing to take up the energy legislation. Obama has supported additional taxes on the oil companies."
And who does Obama think is going to PAY additional taxes on the oil companies?
Ultimately it's you and me.
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