Kucinich Bill: 100% Excess Profits Tax on Oil Companies. 50 co-signers!

[IndyOp]

DU Friends: Below is a letter from Congressman Dennis Kucinich about H.R. 2070. Kucinich, if you don't know him, is known for exactly this sort of clear-thinking and bold action. Tomorrow, he runs in a primary against a Republican-created "Dem" opponent. Tomorrow, Diebold voting machines are being used in his district for the first time. I received an email from him today requesting contributions. I don't know whether he is anticipating having to pay for a recount if there is evidence of cheating...? If you value Progressives and feel inspired... contribute.

A Message from Dennis About H. R. 2070 and the Sky‑Rocketing Price of Gasoline

April 24, 2006

Dear Friend,

The price of gasoline has climbed to over $3 a gallon, heading towards $4 a gallon.

Since 2001, the five largest oil companies have made over $280 billion in profits. Exxon Mobil alone made $36 billion in profits in the last year.

There is only one way to stop the oil companies from an endless series of increases in the price of gasoline: my bill, H. R. 2070.

Nearly fifty members of Congress have now signed onto my bill, H. R. 2070, for a 100% excess profits tax on the oil companies' profiteering and more are signing on daily.

This act does NOT tax the price of gasoline, so it will not increase the cost. However, by taxing excessive profits, it puts the brakes on price gouging and will lower the price of gasoline.

I will not let Congress just stand by while the oil companies are stealing from the American people!

Dennis J. Kucinich

[Kajsa]

1. Hooray for Kucinich!

Now here is a plan that could work.

It won't raise the price of gas, but it will
put a dent in massive oil company profits.

With this in place we may finally find out
just how much price gouging has occured.
:thumbsup:

[Nikki Stone 1]

2. Gotta love this guy

:)

[IndyOp]

3. Kucinich: I need your help to continue my work for peace and justice

Kucinich: I need your help to continue my work for peace and justice

[bananas]

9. kick for the other thread

"It may be worse than Dennis thinks -- the GOP is setting up for a steal..."
http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=364x1077239

[IndyOp]

4. Kicking for Dennis!

:kick:

[IndyOp]

5. I helped and I feel GREAT !!!

I do feel good about helping and I feel GREAT about his bill.

But I am scared shitless about losing him :scared:

[IndyOp]

6. Kick...

:kick:

[IndyOp]

7. I believe that somewhere in the darkest night, a candle glows!

I should've put Colbert in the title, perhaps?

:kick:

[IndyOp]

8. Thank you, DU Voters! Night-Night.

God Bless Dennis and Elizabeth. John and Teresa. John and Elizabeth. Al and Tipper. Paul and Sheila. And all of those who are expending effort to make the world better.

:bounce:

[understandinglife]

10. K&R.

Peace.

[spag68]

11. Kucinich

may have a bill, but the chances of it even getting a vote are slim and none and slim left town.

[AlecBGreen]

12. God I love this man

Dennis, wherever you are, THANK YOU!!!

[Yupster]

13. Does he explain anywhere

what an excess profit is?

I haven't read the bill.

[BreweryYardRat]

14. Me neither, but at a guess...

...it probably allows them to make enough to cover their expenses, plus a little bit in addition, but prevents them from raking in dough in obscene amounts.

[bananas]

15. Kucinich to question Bolton re: troops in Iran (C-Span 10am edt)

http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=132x2602005