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Today's Nuze

"Every government interference in the economy consists of giving an unearned benefit, extorted by force, to some men at the expense of others."

Ayn Rand

Nobody's listening.

THE LATEST FROM THE TAX CHEAT

By
Neal Boortz
@ March 5, 2009 8:40 AM
Permalink | Comments (35) | TrackBacks (0)

Unless you haven't really been paying attention, you must realize by now that Obama's plans to increase taxes on every American by increasing the cost of energy in this country. We've been through this routine before. But now we have a new line from the Obama administration ...

According to tax cheat Timothy Geithner, oil and natural gas companies do not deserve tax breaks from the federal government because their businesses contribute to global warming. That's right .. our Treasury Tax Cheat believes in man-made global warming.

Unbelievable.

Geithner said to Congress, "We don't believe it makes sense to significantly subsidize the production and use of sources of energy (like oil and gas) that are dramatically going to add to our climate change (problem). We don't think that's good economic policy and we think changing those incentives is good for the country."

Now what you are seeing here is exactly what I've been telling you to expect for years. The Democrats want their hands on every single possible penny the private sector produces. To do this they will promote this tired and discredited global warming dog squeeze as a reason to drain more money from energy companies.

As for Geithner .. he's a tax cheat. No ... that isn't strong enough. He's a damned tax cheat. He plotted to cheat on his taxes, then carried that plot through; and he was caught. Now he's our Treasury Secretary.

A tax cheat in charge of the IRS. Change you can believe in.



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What others are saying

  • @By MS @ 03/05/09 12:52:36 PM
    This page is probably dead but to answer, I didn't call not paying FICA/Medicare tax a mistake. Read the post. It'd be like me asking how can you call war innocent? Or why do you care if Bush lied or not when he blew it just the same? Or why did you spend two years trying to make the argument that there were WMDs in Iraq when the larger point to make is that there weren't any that posed a threat to us? Why did you spend so much time on secondary arguments while your party went on the most insane unregulated spending spree in our history ever?
  • 5% or less
    What the program fails to take into account is that the people who put 10-20% down are under water, those that didnt put anything down will not get under the 5% maximum so they will not qualify by that alone, but that might be exactly why the provision is in there. They know these folks its just a matter of time....
  • aww..darn free market
    So, you are complaining that companies aren't getting tax breaks. Isn't this more in line with "letting the market decide".

    You may disagree with their reasons but, how on earth are you prattling on about govt being too involved in business but then turning your head and whining about gas and oil companies not getting their share of the teet?
  • Yeesh Guys...
    http://biz.yahoo.com/p/sum_qpmd.html

    I'm sorry, why are we complaining about oil profits again? Their margins don't even meet the top 10...They may make a lot of money they also face the highest taxes out of any industry to my knowledge.
  • Gavin Volaire
    Gavin,
    How can you call not paying FICA/Medicare tax a "mistake"? Everyone knows those taxes must be paid, even if you are working minimum wage.
  • ()*&&)*(& WHAT DID HE SAY????
    Let me get this str8.

    He said that oil and gas companies, don't deserve tax cuts because they deliever energy necessary to run AND defend our country?

    So he believes their tax returns ought to look like this...

    Revenue - 10 Billion
    deductible expenses - $0
    Taxable incomve $10 Billion
    Tax - $10 Billion

    What an idiot.

    Where did o'Bozo get this moron?
  • On tax cheat
    But its okay for a donkey party to do it Now if a Rep.did same u would hear all kinds of crap he should step down we not need a tax crook....But this is change like omama said....and yes we should be drillin oil in around here .....
  • To: Jake
    You make some good suggestions. It remains to be seen if the Obama administration will be truly free enough of corporate-lobbyist ties to actually make those kinds of changes.

    But there's no doubt that those changes would make things dramatically better for America. Which raises the interesting question, Why are oil-and-energy companies so opposed to them?
  • Taxes?
    If they don't deserve tax breaks for contributing to global http://www.reason.com/news/show/131996.htmlwarming, then niether does the TVA
  • Jack Bauer's PSA
    Anybody else see the bump for global warming on 24 Monday night? Doing their part to be green and reduce global warming, eh? I'm pretty sure that large explosions belch out tons of carbon (unless they're CG green screens).

    Sorry for changing the subject, but I just had to vent. Seeing that made me almost erase the show from my TiVo and kill the season pass, let alone throw up. Uggh!!
  • morality?
    A tax cheat heading the irs.. the countries 3rd most evil organization? (the 1st 2 being executive and legislatiive branches of govt right now) trying to preach to me about who deserves what and trying to use taxation as a moral or ethical function?

    It would be hilarious if it wasn't so idiotic.

    Taxes and morals have no place together. By design progressive taxation and tax subsidies are immoral and unethical and should be outlawed.. replaced by THE FAIR TAX.
  • Fascism on the march
    Energy fuels the economy of any country.
    The fascists in charge in Washington know this well. Control the distribution of energy and you control the economy. Control the economy and you control the people. Geithner reminds me of Joseph Goebbels. Maybe he could take over the job of propaganda minister if the mainstream media falls down on the job.
  • Taxes
    This is the dilemma, how many of us would be willing to go green just to get off the grid and save money? I would love to tear down my 70’s home and rebuild it with the latest and greatest energy conservation ideas! BUT with three kids in college (with ever increasing tuition), a relatively stagnate income, increased property taxes, a depleted retirement plan, and the reality of increased income taxes, I just don’t have the money. Everything I now earn and what my wife earns is being used to just keep my family slightly ahead of the debit curve.
  • Geithner
    Geithner didn't make a mistake. Before being nominated, he had gone back and paid taxes for the exact same issue. Then once he was nominated and people started to fuss, he went back and paid for the rest of the years he had this income.

    How can you possibly believe this was a mistake when he had correctly paid taxes on this issue before? Ridiculous!

    Also, the reason Geithner hasn't appointed anyone under him is that the only people he knows and would appoint are all working at Government Sachs. Unfortunately for Timmy, the media has been talking about the many former Government Sachs employees that have been appointed to the Fed or the Treasury Dept.
  • Energy Discouts v.s. Taxation
    You know Copy-Left the answers are renewable energy sources is now available and in the market today. I know that a wide range of new solar technologies are available from everyone's favorite "Big Oil" company BP, they are just beyond the average middle class American's ability to obtain. If the administration really wanted to encourage these technologies, how about cutting all taxes from these corporations and retailers selling the products? How about some real tax rebates for consumers who purchase these products, such as the ability to deduct the cost of the purchase and installation of these products from taxes owed for all Americans regardless of income (since this is not a “Rich” vs “Poor” issue)? Could you imagine the “carbon reductions” if every Wal-Mart went solar? Instead of punishing by imposing taxes, what about encouraging by incentives? The mindset is just plain wrong on this issue and it will bring down the Democratic Party in the long run.
  • Copyleft said something good!
    Copyleft says we should end subsidies for the oil companies. I agree!! At the same time, end ALL subsidies, like solar power, wind power, alternative fill-in-the-blank power. Take out all these little holes that were created by the lobbyists. Let's find out which energy technology succeeds when the playing field is really leveled, i.e. the gubmint is NOT intervening.

    However, just say no to cap-and-trade. This carbon tax is going to cost EVERYONE in so many ways. The cost of getting food to the shelves will go up. The cost of business trips will go up. This will all pour into the cost of goods, and hit everyone of us. All based on the concept that the CO2 we exhale and plants inhale in symbiotic relation is a pollutant.
  • Under Timmah's breath:

    take that all you saps who actually pay their taxes -BWAHAHAHA!
  • Geitner's folly
    It is unbelievable to me that these "wizards of smart" can be so, so foolish. Geitner is supposed to be a money guy, what in the hell does he know about energy procurement in this country? He should stick to what he knows(which is questionable, and keep his pie hole shut about what he knows little or nothing. This goes for you to Copyleft.
  • Hypocrisy
    Re; By Joe @ 03/05/09 09:23:52 AM

    Joe's got it right! And on top of this we can have a trillion dollar budget, that is generational robbery according to John McCain. President Obama's response is that this is OK because we are in an "emergency" or a "crisis" and we need to worry about today, now, not tomorrow. OK then, why doesn't this apply to energy?

    Don't get me wrong, I would love to see clean, renewable, and affordable energy. That is the quickest way to get out of the middle east and make that part of the world irrelevant. Unfortunately, there isn't any such thing as clean, renewable, and affordable energy yet and NOW is NOT the time for Draconian measures regarding our energy policy.

    We're not far from nationwide rolling blackouts, if not massive failures of our power grid. Just think what that would do to our food supply when there is no refrigeration in major areas of the country for weeks at a time.

    Energy prices will be through the roof and we'll have hyper inflation to top it off.

    Green energy is the democrats top issue even over the economy. The proof is right here.
  • Smart vs. Dumb
    Geithner says he made a mistake; Bush says he went to war on bongus intel. In Boortz' eyes, one never lied because he didn't KNOW he was full of hooey at the time he spewed the hooey but the other is a damned tax cheat. Boortz assumes Bush's problem was incompetence as if that makes it innocent then assumes Geithner was smart enough to know better but had intent in his choices. I think I'll take the regulated smart guy over the unregulated dumb guy everytime.
  • Take it o'seas
    Why don't the oil companies really cram Uncle Sam by moving the headquarters of any U.S. based companies overseas. Isn't that what these elusive criminals like Geithner want, i.e. drive businesses out of the country? Geithner and his ilk fail to note the downward spiral of the stock market, and sooner or later, the monies the imperial tax sponge will attempt to tap is going to shrink to such levels that there will be nothing left to suck up into the federal coffers.
  • Global Warming- bleh
    I'm guessing that building bridges, roads and whatever other shovel ready projects is not going to add to this 'man-made' global warming hype. Yeah, I'm pretty sure all of those projects will be as green as it gets. Nothing like creating the so-called problem in order to advocate control. Next up: Cap and Trade fraud.
  • Global warming or global warning!
    Heard Darryl Hannah in an interview tout the new mantra. Since the weather won't cooperate, they now are calling it "Climate Chaos". These flat earth people just won't give it up.

    Does anyone out there really understand who owns the oil companies. They are not sole proprietorships; they are owned by stockholders made up by pension funds, mutual funds and yes and individuals. I'll bet the Hollywood do-gooders own oil stocks in their own portfollios.

    Wake-up America! You are cutting your own throats.
  • Geitner's comment re: oil and gas subsidies
    Anti-fossil fuel nutjobs like Geitner should be made to live their lives without any products or services which are made from fossil fuels. If they had to do that for 24 hours, they'd change their silly attitudes in a flash.
  • Tiny Tim
    Of all the pathetic cabinet appointees so far, this little 5'3" tax cheating twerp irritates me the most.

    Think about the logic here, here we are in "the most troubling economic crisis since the Great Depression", he wants to tax the energy industry which the Soetoro administration admits will raise energy costs on consumers. Then, they will use the money from these taxes to send back to consumers to cover their higher energy bills that are a result of the increased taxes to begin with!! HUH??

    Secondly, having oil prices this low is somewhat of a stimulus/tax cut for every American right now. I drive a large SUV, at $4/gal it cost me almost $100 to fill up. Now it costs me in the $40 range. That's $60 cash each time I fill up. I fill up at least 5 times per month. That's $300 more cash I have each month then I did in the summer.

    Now, this idiot will end up changing that! These low gas prices have kept more money in people's pockets and has kind of lulled them into thinking it is not so bad right now. Wait til prices go back up!! Hopefully, that will be the spark that brings the much needed outrage to grab a pitchfork and head to DC.

    But that extra $13 I will get will help me out!! Ooops, I won[t get that $13 because I am "rich" according to Obozo.
  • So, fairness is bad now?
    Keep in mind that these customized "tax breaks" are FAVORS done for specific industry lobbyists. They're not rights, and they're certainly not related to fair and equal treatment.

    Now these special privileges are in danger of being revoked, putting energy companies back on an equal footing with other industries. Horrors! Truly, this is corruption at its worst.

    As for Geithner being well informed about mainstream science... well, I'll agree that it's a big change from the Bush administration.
  • The real reason
    We all know that the real reason the oil companies do not deserve tax breaks is not because of global warming. It is because every quarter the show record profits. Call it "wealth envy" or whatever you want. But, be homest, do they really deserve tax breaks??
  • No Suprise Folks
    Obama in an interview with the San Francisco Chronicle, Oct. 2008: "When I was asked earlier about the issue of coal…under my plan of a cap and trade system, electricity rates would necessarily skyrocket…even regardless of what I say about whether coal is good or bad, because I’m capping greenhouse gasses, coal power plants, natural gas…you name it…whatever the plants were, whatever the industry was, they would have to retro-fit their operations." . This was his plan and maybe when the cost of energy races out of control will the American public finally wake up to the impending economic disaster. Four years more of this..maybe, but can the Democrats in the House and Senate survive the next rounds of elections? They will if only they can create a new enemy to blame the financial impact of their policy decisions on – “Big Oil”? “Energy Monopolies? Who?
  • Is this a dream?
    Every day I wake up to find a further lack of logic spewing from Washington DC. Today we hear that the government wants to hurt the energy industry of the US by increasing their taxes due to their global warming impacts. Hey, I just saw some big endorsement ads for "clean coal" using video of the president as he spoke of the goodness of clean coal. Oh yeah, he said in other interviews that he would bankrupt coal companies if they tried to build clean coal plants. So, we have no new energy development allowed, a degrading energy infrustructure, and higher taxes on existing energy companies because they make money (and cause global warming)- all while our country speeds towards massive deficits and hyperinflation, the displacement of the dollar as the world's currency, and a lack of a viable home economy.

    As the world gets more desperate, what are the odds that the middle east will light up in a war, that North Korea won't attack South Korea because it has nothing to loose, and that other energy streams (and costs) won't be impacted. We have a chance to upgrade while the going is ok-to-bad, but we'll squander it too.

    Here's a great "shovel ready" project for us. Get your shovels ready, we're about to pay a LOT more for our energy through neglegance, lack of foresight, and wealth envy. Man, I keep pulling the cord, but the bus won't stop to let me off. God help us all.
  • a tax cheat, yes...
    Timmy may be a tax cheat, but that at least lends some credibility to him in his new position... it shows that he knows how the IRS works.

    Comparing that experience and knowledge with a Bush-era appointee, like FEMA Head Hekkuvajob Brownie, who was experienced in equestrian judging, Geitner is plenty qualified.
  • "latest from the Tax Cheat in Charge'
    If it makes no sense to subsidize the oil and gas industry because of "global warming", then we should also see the end of the government subsidizing the sugar industry for their wanton destruction of the environment in Florida with the Everglades. Perhaps, the government should also stop subsidizing the tobacco industry becuase of the long term medical costs associated with bad helath as a result of using tobacco products.
    At worst, this is just self-serving nonsense by someone who should not be in any type of government position because of his own issues with ethics.
    At best......well, there is no 'best' now is there?
  • Tax Cheats? No - An Honest Mistake
    They may have all had some problems with their taxes but after they realized their mistake they promised to pay back what they owed.

    That shows they can accept responsibility and willingness to be accountable for their obviously honest mistakes. These people are like good Boy Scouts. We should all use them as role models for our own behavior.

    Once the problem has been pointed out to them and they own up to it and make it right, they should all be given a clean slate.

    I know if it happened to, I would have the same opportunity to say I am sorry and make things right.

    Ooops, there goes my breakfast.
  • Geithner need help - really !!
    I heard on the news that Timothy Geithner, who has been busy testifying before Congress and otherwise doing some serious CYA work, has yet to appoint a Deputy Secretary or any assistants! A huge burden of work, which the nation needs careful attention paid to, and Geithner seems to be wanting to go it alone.

    Get some help, man, get some help!
  • This tax is a well thought out plan.
    I wonder if somebody sat down and thought "what is something that every single person needs and uses that we can tax?".

    Energy is a very good choice. Plus, it comes in a variety of flavors.
  • Unreal. CAN THE U.S.A TAKE 4 YEARS OF THIS?
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