Now Dems in the Senate want to take away tax breaks for big oil that would account for about $2 billion. First, if tax breaks are necessary, taxes are too high and regulation is too steep. Otherwise, there wouldn't need to be incentives - for oil, manufacturing, small business, or any other job-creating enterprise.
Second, Congress isn't actually spending this money on oil production - which wouldn't be such a bad idea at this stage of the game. They just aren't getting it to spend at all.
Third, they want to eliminate deductions that are intended to boost production - seem like that's exactly what we need - as long as Congress takes the next step and makes drilling possible so the production can increase.
Fourth, they want to apply the $2 billion toward the national debt. That couln't hurt but wouldn't make much of a dent in the $14 trillion debt. Any bets it would never see it's way to the Treasury?
Congress wants everyone else to stop gertting tax breaks - the rich and big business. They want AMericans to get used to $4 or $5 gas claiming they can't do anything about it. They want everyone else to suffer at their hands, but the bottom line is real simple. Stop spending.
Reduce and limit the legislative staff for starters and make the legislators actually answer their own phones and research the bills they vote on. Close the Congressional gym. They can get a gym membership the same as anyone else. Limit Congressional travel to only those trips that directly are in line with their committee assignments, and then only a couple of people get to make each trip.
Note to Congress: you are servants not aristocrats. You haven't arrived, but you might be departing.
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Steve Hoffacker - Consultant, Coach, Author, Blogger, Photographer, Motivator, Teacher, & Strategist - for Realtors, Real Estate Sales Professionals, Home Builders, New Home Salespeople, Entrepreneurs, Small Business Owners, and Independent Sales Representatives.
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