In my inbox this morning:
Obama vs. Big Oil
Dear MoveOn member,
Think oil companies should pay their fair share of taxes? So does President Obama.
In his budget, the President has proposed cutting billions of dollars in unfair subsidies and tax loopholes for oil and gas companies, to help pay for critical priorities like clean energy and green jobs. After all, they don’t exactly need the help: ExxonMobil made a record profit of $45.2 billion last year.
But Big Oil is already fighting back. Like other corporate special interests, they’re lobbying heavily to gut Obama’s budget. The American Petroleum Institute has announced plans to fly top executives into Washington to help save their tax breaks….
They urgently ask that all “progressives” sign their petition against the oil companies.
Then literally the next thing I read was this Reuters news report:
Corporate oil booms in low-tax Switzerland
ZUG, Switzerland, March 12 (Reuters) – The tidy towns and mountain vistas of Switzerland are an unlikely setting for an oil boom.
Yet a wave of energy companies has in the last few months announced plans to move to Switzerland—mainly for its appeal as a low-tax corporate domicile that looks relatively likely to stay out of reach of Barack Obama’s tax-seeking administration. …
In reality I don’t suppose liberals and the left (“progressives”) generally really care—in fact companies moving out of the United States (and Canada) may be the desired effect.
And then of course there is the somewhat related news here in Canada this morning:
“Chrysler threatens to pull out of Canada”
OTTAWA AND TORONTO — Chrysler LLC threatened last night to pull the company’s production out of Canada – a move that would throw 9,000 employees out of work – unless governments here provide $2.3-billion (U.S.) in loans and its Canadian union agrees to slash labour costs by 25 per cent….
I looked up “get a clue” but its meaning is so obvious that it’s not defined anywhere.
PTBC was founded by Mr. Johannesen in 2000.
Contact Mr. Johannesen about this article using this form. Please refer to article's title.
FOLLOW @JoelJohannesen ON X!
- Wow what a shock: a Big Government project’s cost estimate has DOUBLED — in only a few months - Tuesday April 30, 2024 at 4:50 pm
- UPDATED: State-Funding of Sports Boondoggles Need To Be Sent To The Penalty Box - Wednesday March 13, 2024 at 4:44 pm
- I’m from the government and I’m here to help you become barely mediocre like us. - Tuesday March 5, 2024 at 11:53 am
