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4 comments

1 theheat  May 6, 2011 7:24:55am
i wonder when these constituents will realise they’ve been taken for a ride.

Try never. Ever. Not in a million years. Not in a blue moon.

The people of this mindset are so convinced the GOPs have their best interests in mind you’d have to take away their retirement, take away Medicare and Medicaid, tax them 3,000% higher, let one of their daughters die dead as Julius Caesar because she was denied a D&C to remove a dead fetus from her womb, beat their favorite closeted gay relative to death (“who ain’t never hurt no one”) on three separate video cameras, and dump enough toxic waste in their backyard it made them vomit all day… before they might maybe consider contemplating the GOP had been lying all along and was out to fuck them.

They sleep better at night believing by supporting the GOP they’re stopping all the socialism and social ills that only exists in their minds and on Fox News. This is why they’ll continue to support these people, to the detriment of every person in the county, and themselves.

2 theheat  May 6, 2011 7:30:18am

re: #1 theheat

Oh, and I might add this willful blindness to facts by GOP constituents has not been articulated effectively in any way by Democrats. It’s a golden opportunity every day, and the Dems seem to think these people should or will figure it out for themselves. Huge mistake, and by virtue of inaction, leaves everyone fucked.

3 KingKenrod  May 6, 2011 9:03:55am

The tax break encourages domestic production over foreign. It’s also meant to make up the gap between the higher income tax paid in the US vs. relatively lower rates that foreign companies pay in their home countries, which makes Exxon more competitive globally. Exxon’s effective tax rate over the last 6 years is 29%, which seems high enough to me.

The real crime here is that the US Congress has failed to produce an energy policy to rapidly move us away from fossil fuels. I’d let Exxon keep all their profit if they would just spend it on the development and deployment of alternative energy.

4 Hal_10000  May 6, 2011 11:16:38am

Most of these “subsidies” are tax breaks which are fairly standard for every industry, including as KingKenrod noted, foreign tax credits. $30.5 billion sounds like a lot but against $383 in revenue, it’s less than a 10% profit margin.


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