Wednesday, October 12, 2005
Now Durbin Wants To Shut The Barn Door
Senate Minority Whip Dick Durbin said yesterday that there should be a special windfall-profit tax on the oil companies because they are making boatloads of money thanks to rising oil prices. While it is true that the oil companies are profiting, Durbin's proposal is too late, not to mention utterly futile. Congress gave huge handouts to the oil companies as part of Bush's energy bill this summer. That was the time to be responsible, and our legislators blew it. Now that the oil company executives are bathing in taxpayer caviar, Durbin wants to get some of it back. Of course, the Republican majority that passed the energy bill in the first place won't support him anyway. Heck, this month the House passed a bill handing over even more money to the oilmen (albeit barely--two Republican representatives were strong-armed into changing their votes to make it 212-210). The cows are already gone, Mr. Durbin--there's no point in trying to close that door.
Posted by David Johnsen at 6:17 PM