Jay Kersting is the host of "Jefferson City's Morning News" on NewsTalk 1240 KLIK (www.klik1240.com) in Jefferson City, Missouri. Some of these comments are from the show, others are not.
The opinions posted here are those of Jay Kersting and do not necessarily reflect those of the staff and management of NewsTalk 1240 KLIK or of Cumulus Media.
(Of course, Jay is right and the opinions probably should be those of others. Period. If you don't think so, call in or post signed comments here.)
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Comments
Water sucks - Gatorade is better.
Posted by: Ball N Chain | August 4, 2008 08:08 AM
A Windfall Profits Tax impacts more than the oil companies.
There are hundreds of thousands of people who are royalty owners. The average well in the USA produces something like 10 barrels per day. Under a Windfall Profits Tax scheme, these royalty owners will see their monthly royalty checks reduced 50% or more.
Additionally, the Oil Producing States impose a production tax on the oil produced in their state. Under a Windfall Profits Tax scheme, these states will see a reduction in their production tax income of 50% or more.
Those of us who oppose Obama and his Windfall Profits Tax scheme need to mobilize the hundreds of thousands of royalty owners and the tens of millions of people who live in the oil producing states.
These people need to understand that in no uncertain terms a Windfall Profits Tax will be a big hurt upon their income.
Posted by: larry | August 4, 2008 09:44 AM