While Harry the Hypocrite and his fellow Democrats cry about the big oil companies profits old Harry is helping to screw the taxpayer again. As usual the Democrats are playing the game of “Its ok when we do it, but bad whenever our opponents do it”. Kinda like during the presidential campaign when Obama received twice the dirty money from “Wall Street” but yet they still bashed Republicans as those evil takers of Wall Street money. Harry and his friends “Do as I say, not as I do” politics are a joke. While they whine and cry and demand transpareny from corporate america they turn around and fight against transparency for there big unions supporters. They advocate for laws like the “Fairness Doctrine” aimed at muzzling conservative talk radio but have no problem with 95% of the media that happens to tilt in there favor. During the recent debate on what fat to cut out of the federal budget old Harry just could not bear to see his “Cowboy Poetry” earmark cut but raising taxes was ok. With the price of gold and other minerals skyrocketing why should’nt the companies many whom are foreign not be asked to pay there fair share. Its bad enough that friends of the Obama adminstration like G.E. don’t pay any taxes but why are we letting foreign corporate mining interests slide by scott free?
Minerals Mined on Federal Land Spared Taxes, Aided by Senator Reid
By William Lajeunesse
While Democrats rip into oil and gas companies for failing to pay their “fair share” because of tax breaks Congress gave them, another special interest break they’re not talking about is the billions of dollars worth of gold, silver, uranium and other minerals that mining companies take off federal lands for which they pay nothing.
“They don’t pay a dime, not a penny for the gold and uranium they remove from public lands,” says Steve Ellis of Taxpayers for Common Sense. “Virtually every other country in world charges a royalty on hard rock minerals. It is absurd that we don’t do this.”
Both mining and oil companies pay corporate taxes, and both get generous write-offs in the tax code.
But mining companies get two huge subsidies oil companies do not: leases and royalties.
Mining entities pay no more than $5 an acre for land from which they extract billions of dollars worth of minerals. By contrast, multinational oil and gas firms are required to competitively bid against one another just for the right to drill on specific leases. Those bids typically pay taxpayers from tens to hundreds of millions of dollars, depending on how much oil a company believes is in the field.
A royalty or fee represents an annual percentage the federal government charges based on the value of the resource extracted from public lands. For oil and other fuel sources, the numbers are in the double-digits.
The government receives 12.5 percent in royalties for onshore oil and gas while the royalties for offshore drilling amount to18.75 percent. For coal, that number is 8 percent for underground mining and 12.5 percent for surface mining.
For gold, silver, uranium and copper mining: 0 percent
Reformers in Congress tried to raise the last figure but failed.
In 1993, the House passed a bill imposing an 8 percent royalty, but Sen. Harry Reid, D-Nev., helped kill an agreement in the Senate. In 2007, West Virginia Rep. Nick Rahall helped pass a bill in the House that imposed a 4 percent royalty on gross revenue on existing operations and 8 percent on new operations. Again Reid stepped in, saying the House bill “won’t stand over here.”
“When you talk about collecting a royalty off the top, irrespective of production costs, that is an unsustainable situation,” said Carol Raulston of the National Mining Association.
In 2008, according to the National Mining Association, about $20 billion worth of metals were sold in the U.S. from mines here covered by existing law. With a 4 percent royalty, that translates into at least a $4 billion in payments for minerals owned by U.S. taxpayers.
“This is a pirate story with the public lands profiteers robbing the American people blind,” Rahall said in November 2007. “The robbery of American gold and silver must stop.”
But it hasn’t.
Since taking office, Reid has received $750,000 in campaign contributions from the mining industry, according to the Center for Responsive Politics. That number includes $127,000 from Nevada’s two largest gold producers in the 2010 election. Together, those two companies had profits of $5 billion last year yet they paid taxpayers nothing for minerals taken off public lands.
“Senator Reid through the years has aligned himself with those interests to thwart mining law reforms time and time again,” Ellis said.
While Ellis and others blame Reid, the mining association is happy to have him in their corner.
“Senator Reid is one among many who don’t want to see domestic mining killed off in this country,” Raulston said.
According to Yahoo Finance, three of the 10 most profitable industries in the U.S. right now are in mining, including copper, gold and silver, which enjoy a 47 percent net-profit margin. Oil and gas exploration, by contrast, ranks 50th with a net margin of 11 percent.
Yet oil and gas are singled out, particularly by Reid.
“We should all agree, in the interest of fairness, common sense and saving taxpayer money that we can cut out corporate welfare to those big oil firms who need it the least,” Reid said last week.
“Senator Reid has always been open to reasonable hardrock mining reform that protects jobs while ensuring the industry pays its fair share,” a Reid spokesman said. “However, I’d want to change the subject too if I had to defend billions in government giveaways to big oil corporations with gas prices so high in Nevada and across the country.”
President Obama weighed in on Saturday, noting that the “American people shouldn’t be subsidizing oil companies at a time when they’re making near-record profits.”
Gold and silver both closed last week near record highs.
Democrat Harry Reids latest scumbag tactic to undermine America is attaching the disastrous “Dream Act” amnesty bill to the Defense Authorization Bill. This kind of politics is why the Democrats and open border Republicans need to go in November. This bill will give Amnesty and free education to Illegal Alien criminals while denying educational opportunities to American kids. This is just another piece of payback legislation by Obama and his fellow Democrats to reward supporters even if they are criminals. This Administration that made so many promises of more transparency and ethical government has turned out to be one of the most corrupt and sneaky administrations ever. The Chicago style thug politics and back room dirty deals are just the tip of the iceberg. The constant undermining of our nation is a constant goal of Obama, Pelosi and Reid, whether its Amnesty for criminal illegal aliens or redistribution of the middle-class dwindling wealth, Obama, Reid and Pelosi just have no depth to the level to which they will go to shove there agenda down the throat of the public
Harry Reid’s illegal alien student bailout
by Michelle Malkin
The so-called DREAM Act would create an official path to Democrat voter registration for an estimated 2 million, college-age illegal aliens. Look past the public relations-savvy stories of “undocumented” valedictorians left out in the cold. This is not about protecting “children.” It’s about preserving electoral power through cap-and-gown
Senate Majority Leader Harry Reid announced this week that he’s attaching the DREAM Act to the defense authorization bill. With ethnic activists breathing down his neck and President Obama pushing to fulfill his campaign promise to Hispanics, Reid wants his queasy colleagues to vote on the legislation next week. Open-borders lawmakers have tried and failed to pass the DREAM ACT through regular channels for the last decade. That’s because informed voters know giving green cards to illegal alien students undermines the rule of law, creates more illegal immigration incentives, and grants preferential treatment to illegal alien students over law-abiding native and naturalized American students struggling to get an education in tough economic times. This bad idea is compounded by a companion proposal to recruit more illegal aliens into the military with the lure of citizenship (a fraud-ridden and reckless practice countenanced under the Bush administration).
DREAM Act lobbyists are spotlighting heart-wrenching stories of high-achieving teens brought to this country when they were toddlers. But instead of arguing for case-by-case dispensations, the protesters want blanket pardons. The broadly-drafted Senate bill would confer benefits on applicants up to age 35 and the House bill contains no age ceiling at all. The academic achievement requirements are minimal. Moreover, illegal aliens who didn’t arrive in the country until they turned 15 – after they laid down significant roots in their home country – would be eligible for DREAM Act benefits and eventual U.S. citizenship. And like past amnesty packages, the Democrat plan is devoid of any concrete eligibility and enforcement mechanisms to deter already-rampant immigration benefit fraud.
The DREAM Act sponsors have long fought to sabotage a clearly worded provision in the 1996 Illegal Immigration Reform and Immigrant Responsibility Act (IIRIRA) that states:
“Notwithstanding any other provision of law, an alien who is not lawfully present in the United States shall not be eligible on the basis of residence within a State (or a political subdivision) for any postsecondary education benefit unless a citizen or national of the United States is eligible for such a benefit (in no less an amount, duration, and scope) without regard to whether the citizen or national is such a resident.” Ten states defied that federal law and offered DREAM Act-style tuition preference to illegal aliens: California, Illinois, Kansas, Nebraska, New Mexico, New York, Oklahoma, Texas, Utah, and Washington. The last time the DREAM Act champions tried to tack their scheme onto a larger
immigration proposal, they snuck in language that would absolve those ten states of their law-breaking by repealing the 1996 law retroactively–and also offering the special path to green cards and citizenship for illegal alien students.
Despite the obvious electoral advantage this plan would give Democrats, several pro-illegal alien amnesty Republicans crossed the aisle to support the DREAM Act, including double-talking Sens. John McCain, Richard Lugar, Bob Bennett, Sam Brownback, Norm Coleman, Susan Collins, Larry Craig, Chuck Hagel, Kay Bailey Hutchison, Mel Martinez, Olympia Snowe, and presidential candidate Mike Huckabee (who champions even greater illegal alien student benefits than those proposed by Democrats). After paying lip service to securing the borders, McCain promised DREAM Act demonstrators this week that he supported the bill and would work to “resolve their issues.”
Out-of-touch pols might want to pay attention to the world outside their bubble. A recent Quinipiac University poll shows that Americans across the political spectrum favor tougher enforcement of existing immigration laws over rolling out the amnesty welcome wagon. When asked “Do you think immigration reform should primarily move in the direction of integrating illegal immigrants into American society or in the direction of stricter enforcement of laws against illegal immigration?”, solid majorities of registered Republicans, Democrats and independents chose stricter enforcement over greater integration of the illegal alien population.
Democrats outside the Beltway have grown increasingly averse to signing on to illegal alien incentives — especially as the Obama jobs death toll mounts and economic confidence plummets. Here in Colorado, a handful of Democrats joined Republican lawyers to kill a state-level DREAM Act amid massive higher ed budget cuts and a bipartisan voter backlash. Asked why she opposed the illegal alien student bailout, one Democrat lawmaker said quite simply: “I listened to my constituents.”