In response to:

BREAKING: Senate Republicans Block Hagel Confirmation....For Now

T172 Wrote: Feb 14, 2013 7:17 PM
Obama is going to use the next two years to fully crush the republicans. He knows nothing will get done with a republican congress and democrat senate, so he just has to keep proposing incredibly popular measures (like all day kindergarten) then watch as the republicans have to vote against it. He'll push for ending tax breaks on oil companies (even tho privately he's assured them it won't happen) and then the republicans are back on TV fighting for big oil. The guy is a god d*mn genius. Republicans are not ready to play on his level. They're playing checkers, he's playing chess.
Resist, We Much!!! Wrote: Feb 14, 2013 7:29 PM
"like all day kindergarten"


Wow! I'm going to be so devastated. Do you mean we won't get to supersize Head Start, a programme that costs us $7 billion a year and even the Dept of Education has admitted is a failure with no demonstrable benefits after 3rd grade?

Anyone have a hankie?
anderson659 Wrote: Feb 14, 2013 7:19 PM
This posr gets the intellectual midget post of the day

The factual poverty of your post is breathtaking.
T172 Wrote: Feb 14, 2013 7:22 PM
Yeah just like everyone swore we'd have president romney right now.

You can't even read a poll talk to me about politics god d*mn son try again.
anderson659 Wrote: Feb 14, 2013 7:25 PM
T172:

My little boy :

Spinning like a top again, eh?
Resist, We Much!!! Wrote: Feb 14, 2013 7:35 PM
"You can't even read a poll talk to me about politics god d*mn son try again."



Evidently, you do not even have rudimentary skills or knowledge of how to use a search engine.

I definitely know that you lack the intelligence, knowledge, and capability to use Westlaw.com and read a Federal statute or the tax code.
Resist, We Much!!! Wrote: Feb 14, 2013 7:19 PM
"He'll push for ending tax breaks on oil companies (even tho privately he's assured them it won't happen) and then the republicans are back on TV fighting for big oil."


Former Democratic Congressman 1979-2005, Martin Frost:

“I’m a supporter of the President’s. I’m concerned that he’s going to lose credibility on this oil and gas issue because HE'S NOT TELLING THE TRUTH entirely. What he is saying is that you need to eliminate four billion dollars worth of tax breaks for major oil companies because major oil companies have obscene profits.

THE PROBLEM WITH THIS IS THAT ONE OF THE BIG TAX BREAKS HE'S CITING - INTANGIBLE DRILLING COSTS - EXCUSE ME - PERCENTAGE DEPLETION - WAS REPEALED BY CONGRESS, EXCUSE ME, IN 1975, 36 YEARS AGO, AS IT
Resist, We Much!!! Wrote: Feb 14, 2013 7:19 PM
AFFECTS MAJOR OIL COMPANIES."

http://www.examiner.com/political-transcripts-in-national/dallas-rep-frost-s-truth-to-obama-big-oil-subsidies-were-repealed-36-yrs-ago

The only ones that get percentage depletion anymore are domestic independents who drill most of the wells in the United States and employ four million people.”

Democrat Congressman Dan Boren explained and agreed with Frost that Mr. Obama needs to get his facts straight while pointing out that the Obama energy solution would hike the cost of oil production, hike foreign oil dependency, hike the burden on smaller, independent energy producers, and leave Big Oil - among them Exxon, Shell, BP, Phillips and Conoco untouched:

“Specifically, the Administration is seeking to
Resist, We Much!!! Wrote: Feb 14, 2013 7:21 PM
repeal the “percentage depletion” and “intangible drilling costs (IDCs)” tax deductions.

The removal of these provisions would negatively affect domestic independents who utilise them to attract the capital necessary to drill new oil and gas wells inside the United States.

It is estimated that eliminating percentage depletion and IDCs for domestic independents would reduce U.S. drilling by 30-40 percent, thereby increasing the nation’s dependence energy from foreign sources.

About Mr Obama's "percentage depletion" solution: FURTHERMORE, THE MAJOR OIL COMPANIES ARE BARRED BY LAW FROM RECEIVING PERCENTAGE DEPLETION ALTOGETHER, AS IT ONLY IS GIVEN TO DOMESTIC INDEPENDENT PRODUCERS.

About Mr. Obama's “intangible drilling costs"
Resist, We Much!!! Wrote: Feb 14, 2013 7:21 PM
solution: THE IDC PREFERENCE IS ONLY AVAILABLE FOR DOMESTIC DRILLING ACTIVITY, AND AS THE MAJOR OIL COMPANIES DRILL PRIMARILY OUTSIDE THE U.S., THE DOMESTIC INDEPENDENT SECTOR OF THE INDUSTRY WILL YET AGAIN BEAR THE BRUNT OF LOSING THIS CRITICAL PROVISION.”

http://www.examiner.com/political-transcripts-in-national/dallas-rep-frost-s-truth-to-obama-big-oil-subsidies-were-repealed-36-yrs-ago
Resist, We Much!!! Wrote: Feb 14, 2013 7:23 PM
TITLE I SEC. 104. LIMITATION ON PERCENTAGE DEPLETION ALLOWANCE FOR OIL AND GAS WELLS.

(a) In General- Section 613A of the Internal Revenue Code of 1986 is amended by adding at the end the following new subsection:

`(f) Application With Respect to Major Integrated Oil Companies- In the case of any taxable year in which the taxpayer is a MAJOR INTEGRATED OIL COMPANY (as defined in section 167(h)(5)(B)), the allowance for percentage depletion SHALL BE ZERO.’.

They do not get tax subsidies or credits. The oil and gas industry gets the same deductions as do other industries.

In fact, as it pertains to multinationals, Big Oil IS treated differently from every other business in America. IT IS NOT ALLOWED TO DEDUCT NORMAL COSTS OF DOING
Resist, We Much!!! Wrote: Feb 14, 2013 7:24 PM
BUSINESS (IDCs).

You should be thrilled. We already screw Big Oil...and have been doing so since 1975.

Senate Republicans have at least temporarily blocked the confirmation of former Sen. Chuck Hagel as the next Secretary of Defense.  Democrats' cloture motion to proceed to an up-or-down vote failed 58-40, with one Senator voting "present."  Achieving cloture requires 60 votes.  Let's be candid: Hagel (a Republican) is unqualified for this job, which is arguably the most important position in a presidential cabinet.  He all but admitted as much during his disastrous Senate hearings last month: