Galaxy Highland 10
Reinstate Windfall Profits Tax
RECEIVED Wed., Feb. 9, 2005
Dear folks,
I have figured out a way to repair Social Security, Medicare/Medicaid, and many other programs in trouble including gaining on the deficit. Reinstate the windfall profits tax (mainly due to imported oil) on the American oil companies that Jimmy Carter slapped on them in the Seventies. Boy did they scream until Reagan lifted it in 1981. The bottom line is that the oil company owners and shareholders would reek in their usual rising profits, but when they hit the windfall point they would be diverted to a bipartisan panel with absolutely no former oil industry execs or lobbyists sitting on it. Even if somehow the oil industry retained control of these taxes (with unbiased oversight) and passed them on to us at the pump until they had to fork them over, most all Americans would not mind paying an extra 2 or 3 cents a gallon at the pump knowing that this money is going to fix these programs and not in some crooks' pockets. I know that Bush/Cheney would oppose it for sure coming from oil like they do, and taking care of their oil friends is something that they have excelled at. They want to hammer the money that they need from programs that will cut goods and services to the poor and elderly. In other words, the people that are the most defenseless. I believe that the Democrats would vote for it and maybe a fair amount of decent Republicans would vote for it. It's a no-brainer, people! Write your congressman or congresswoman and ask them if they wouldn't back it, and if not, why? Our young people have done the fighting and dying in Iraq and Afghanistan (with our support and money), and they will continue to do so while the oil companies, via Halliburton, tried to charge the military $5 and $6 a gallon of fuel until Congress and the public found out about it. We have made personal and financial sacrifices for these wars. It's way past time for these "so-called patriots" to contribute and pay their share instead of sitting back and counting the dollars from death and destruction!
I have figured out a way to repair Social Security, Medicare/Medicaid, and many other programs in trouble including gaining on the deficit. Reinstate the windfall profits tax (mainly due to imported oil) on the American oil companies that Jimmy Carter slapped on them in the Seventies. Boy did they scream until Reagan lifted it in 1981. The bottom line is that the oil company owners and shareholders would reek in their usual rising profits, but when they hit the windfall point they would be diverted to a bipartisan panel with absolutely no former oil industry execs or lobbyists sitting on it. Even if somehow the oil industry retained control of these taxes (with unbiased oversight) and passed them on to us at the pump until they had to fork them over, most all Americans would not mind paying an extra 2 or 3 cents a gallon at the pump knowing that this money is going to fix these programs and not in some crooks' pockets. I know that Bush/Cheney would oppose it for sure coming from oil like they do, and taking care of their oil friends is something that they have excelled at. They want to hammer the money that they need from programs that will cut goods and services to the poor and elderly. In other words, the people that are the most defenseless. I believe that the Democrats would vote for it and maybe a fair amount of decent Republicans would vote for it. It's a no-brainer, people! Write your congressman or congresswoman and ask them if they wouldn't back it, and if not, why? Our young people have done the fighting and dying in Iraq and Afghanistan (with our support and money), and they will continue to do so while the oil companies, via Halliburton, tried to charge the military $5 and $6 a gallon of fuel until Congress and the public found out about it. We have made personal and financial sacrifices for these wars. It's way past time for these "so-called patriots" to contribute and pay their share instead of sitting back and counting the dollars from death and destruction!
Allen Cunningham
Wimberley
Wimberley
