Sen. Durbin is a Dick.
Posted: Fri May 23, 2008 6:33 am
He really show how big of an a$$ he is when he questioned the oil execs about "Does it trouble any of you when you see what you're doing to us?" on Wednesday. He then cried about how much he had to pay to fill his truck in Chicago where gas is at $4.20. Well Dick it ain't the oil companies that are screwing you.
Read this.
http://cbs2chicago.com/politics/gas.pri ... 29939.html
In the city, Motor Fuel Taxes originally for building roads currently go to the Feds, Illinois, Cook County and Chicago. The 9.25 percent sales tax is split among Illinois, Chicago and Cook County's share of the state sales tax; a county home rule tax; RTA transit tax and a Chicago home rule levy.
The watchdog Civic Federation says that on a $4 gallon of gas, the total tax is 79.2 cents. That compares to 77 cents in Los Angeles and 65 cents in New York City.
"Every time the price of gas goes up, the tax goes up with it," said one motorist.
And that, of course, is exactly the point for the politicians. Gov. Blagojevich, for example, is counting on the high price of gasoline to bring at least an extra $220 million in the State Treasury in the fiscal year that begins this July. Most of that will be used to balance the way-out-of-balance budget.
79.2 cents is 19.8 %of the pump price. Compare that to the .08%($.32/g) profit margin and oil companies are getting a meer fraction of what the real villan takes. Government needs to get off the backs of these companies and let the markets settle the price.
Instead we get this piece of brilliance from Penn. Dem. Paul Kanjorski. H.R. 5800, "Reasonable Profits Board".
http://www.taxfoundation.org/blog/show/23183.html
Yesterday Maxine Waters got her chance to grandstand in front of those very same oil company executives that were roughed up by the Senate on Wednesday. Waters didn't exactly like what she was hearing from the private sector .. so she started sputtering something about the government taking over the oil companies. She stumbled over the word "socialism," but finally settled on "taking over." The actual word she was looking for was "nationalize."
What a ditz.
Read this.
http://cbs2chicago.com/politics/gas.pri ... 29939.html
In the city, Motor Fuel Taxes originally for building roads currently go to the Feds, Illinois, Cook County and Chicago. The 9.25 percent sales tax is split among Illinois, Chicago and Cook County's share of the state sales tax; a county home rule tax; RTA transit tax and a Chicago home rule levy.
The watchdog Civic Federation says that on a $4 gallon of gas, the total tax is 79.2 cents. That compares to 77 cents in Los Angeles and 65 cents in New York City.
"Every time the price of gas goes up, the tax goes up with it," said one motorist.
And that, of course, is exactly the point for the politicians. Gov. Blagojevich, for example, is counting on the high price of gasoline to bring at least an extra $220 million in the State Treasury in the fiscal year that begins this July. Most of that will be used to balance the way-out-of-balance budget.
79.2 cents is 19.8 %of the pump price. Compare that to the .08%($.32/g) profit margin and oil companies are getting a meer fraction of what the real villan takes. Government needs to get off the backs of these companies and let the markets settle the price.
Instead we get this piece of brilliance from Penn. Dem. Paul Kanjorski. H.R. 5800, "Reasonable Profits Board".
http://www.taxfoundation.org/blog/show/23183.html
Yesterday Maxine Waters got her chance to grandstand in front of those very same oil company executives that were roughed up by the Senate on Wednesday. Waters didn't exactly like what she was hearing from the private sector .. so she started sputtering something about the government taking over the oil companies. She stumbled over the word "socialism," but finally settled on "taking over." The actual word she was looking for was "nationalize."
What a ditz.