if the dems get their winfall profits tax?

how ill that help us average americans and when. will i get a check or a tax break or what. will it be within a month of passing it or severalm months? will the oil companies become less enthused tp produce oil since they will be singled out for this specific tax.

Asked By: bi-polar-itical - 6/22/2008
Best Answer - Chosen by Asker
Where is the "windfall" the Democrats are talking about? The price of oil has risen more than the price of gasoline and home heating oil and oil company profits have stayed pretty level as a percentage of their sales... More
Answered By: SCOTT M - 6/22/2008
Additional Answers (14)
I challenge anyone to explain how taxing any product makes it cheaper to buy.
Answered By: danrathersdrunkagain - 6/22/2008
So, I ask, given the current Republican tickle down system, have you seen a trickle down? I'm still waiting for the trickle.
Answered By: Forget War Buy More - 6/22/2008
lol, you will never get a penny and we will end up paying more as the companies will pass these taxes onto us at the gas pump.
Answered By: celeste1070 - 6/22/2008
You will get some thing alright drop our pant now and bend over..
Answered By: Raina H - 6/22/2008
First it will be the oil company's then everyone else will follow they cant stop taking money from people.
Answered By: tp4me5 - 6/22/2008
You will feel it when you have to pay even more at the pump and for all other goods as transportation costs increase.
Answered By: booman17 - 6/22/2008
All taxes of business are passed on to the consumer . An there will not be any rebate for this tax it will be spent as the Gov. see fit . That is if the gov is still functional after it goes bankrupt .
Answered By: Mogollon Dude - 6/22/2008
It will create either one of two situations. 1) Oil companies stop gouging the price of gas at the pump in order to stay out of the profit range where the windfall tax kicks in. 2) Price-gouging continues but the government gets increased tax revenue that could in turn be used for public works projects. I would... More
Answered By: Mercer Devil - 6/22/2008
So how is YOUR economic policy working... More
Answered By: Mild Irritant - 6/22/2008
If will not help us at all. it will hurt us, our pocket books that is.
Answered By: love3680 - 6/22/2008
I think what you will see is the price of Gas continue to rise. This will lead to the printing of more worthless dollars. Everyone will get a huge pay raise to off set the high inflation and the Crats will say we are better off because we are making more money... More
Answered By: pretender59321 - 6/22/2008
obama when hillary brought up a windfall tax, was furious and stated that if we insert a windfall tax on oil companies, they will raise the price at the pump to make up for it... More
Answered By: obama smear the fear monger - 6/22/2008
just another way for the government to get more money from us as just taxing us won't go over good at election time. So lets tax the Big companies and let the people pay higher prices in the market. shhhh They won't ever figure it out. then we can waste more cash on finding the effects of cow... More
Answered By: myth257 - 6/22/2008
Perhaps you need to take an economics course, the windfall profit tax will only increase the cost to the consumer.
Answered By: Pink Tresses - 6/22/2008
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