It is amazing that we are in the year 2012 we still are talking about the looters in Washington after Atlas Shrugged has been out there for everyone to read since 1957. That makes it 55 years since the publication of one of the most important pieces of literature ever written. I mean EVER written. Remember, in the story Ms Rand unequivocally describes the looters and the mouchers - what makes them tick (power) and what makes them cry for more power (money and fame). We can now say that 2012 is living up to Ayn Rand's looters and the moochers in Atlas Shrugged, by scribbling the bill: H.R. 3784 "GAS PRICE SPIKE ACT OF 2012".
Thanks moochers for including the year 2012 in the name of the bill. It will be remembered in mockery and disdain for decades. What else can one do but laugh at the ridiculous. Read Erica Johnson's piece at TownHall Magazine below:
Six House Democrats, led by Rep. Dennis Kucinich (D-Ohio), want to set up a "Reasonable Profits Board" to control gas profits.
The Democrats, worried about higher gas prices, want to set up a board that would apply a "windfall profit tax" as high as 100 percent on the sale of oil and gas, according to their legislation. The bill provides no specific guidance for how the board would determine what constitutes a reasonable profit.
The Gas Price Spike Act, H.R. 3784, would apply a windfall tax on the sale of oil and gas that ranges from 50 percent to 100 percent on all surplus earnings exceeding "a reasonable profit." It would set up a Reasonable Profits Board made up of three presidential nominees that will serve three-year terms. ...
Specifically, he said the money would be used to fund a tax credit on the purchase of fuel-efficient cars and set up a grant program for mass transit programs when oil-and-gas prices are high. ...The following is part of the actual bill to make new law allowing expropriation of producer's profits. ATLAS SHRUGGED again. Except this time the people should shrug and go on strike against Washington and Obama.Rread the bill below. I'd cry if it weren't so funny to read this crap.
Co-sponsoring the bill are five other Democrats: Reps. John Conyers Jr. (Mich.), Bob Filner (Calif.), Marcia Fudge (Ohio), Jim Langevin (R.I.), and Lynn Woolsey (Calif.)
H. R. 3784
To amend the Internal Revenue Code of 1986 to impose a windfall profit
tax on oil and natural gas (and products thereof) and to allow an
income tax credit for purchases of fuel-efficient passenger vehicles, and
to allow grants for mass transit.
IN THE HOUSE OF REPRESENTATIVES
JANUARY 18, 2012
Mr. KUCINICH (for himself, Ms. WOOLSEY, Mr. CONYERS, Mr. LANGEVIN, Ms.
FUDGE, and Mr. FILNER) introduced the following bill; which was referred to the Committee on Ways and Means, and in addition to the
Committee on Transportation and Infrastructure, for a period to be subsequently determined by the Speaker, in each case for consideration of
such provisions as fall within the jurisdiction of the committee concerned
To amend the Internal Revenue Code of 1986 to impose
a windfall profit tax on oil and natural gas (and products
thereof) and to allow an income tax credit for purchases
of fuel-efficient passenger vehicles, and to allow grants
for mass transit.
1 Be it enacted by the Senate and House of Representatives
2 of the United States of America in Congress assembled,
3 SECTION 1. SHORT TITLE.
4 This Act may be cited as the ‘‘Gas Price Spike Act
5 of 2012’’.
READ THE REST OF THIS ridiculous bill here.