2008 House Bill 6350 (Authorize tax breaks for oil refinery )

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Introduced by Rep. Dave Hildenbrand on July 23, 2008, to authorize Michigan Economic Development Authority (MEGA) business tax credits for an oil refinery located in the state.
- Referred to the House Commerce Committee on July 23, 2008.

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Comments

Introduced by Rep. Dave Hildenbrand on July 23, 2008. New Comment

1) The OPEC oil minister says.. [by Anonymous Citizen on August 28, 2008]
“We are at war with you infidels and
have been since the embargo in the 1970s. You are so arrogant you haven’t even recognized it. You have more missiles, bombs, and technology; so we are fighting with the best weapon we have and extracting on a net basis about $700 billion/year out of your economy.
We will destroy you! Death to the infidels!
“While I am here I would like to thank you
for the following: Not developing your 250-300 year supply of oil shale and tar sands. We know if you did this, it would create thousands of jobs for U.S. citizens, expand your engineering capabilities, and keep the wealth in the U.S. Instead of sending it to us to finance our war against you infidels.
“Thanks for limiting defense dept.
purchases of oil sands from your neighbors to the north. We love it when you confuse your allies.
“Thanks for over-regulating every segment of your
economy and thus delaying, by decades, the
development of alternate fuel technologies.
“Thanks for limiting drilling off your
coasts, in Alaska , and anywhere there is an insect, bird, fish, or plant that might be inconvenienced. Better that your people suffer. Glad to see our lobbying efforts have been so effective.
“Corn based Ethanol.
Praise Allah for this sham program! Perhaps you will destroy yourself from the inside with these types of policies. This is a gift from Allah, praise his name! We never would have thought of this one! This is better than when
you pay your farmers NOT TO GROW FOOD. Have them
use more energy to create less energy, and
simultaneously drive up food prices.
Thank you U.S. Congress!

“And finally, we appreciate you letting us fleece you without end. You will be glad to know we have been accumulating shares in your banks, real estate, and publicly held companies. We also finance a good portion of your debt and now manipulate your markets, currency, and economies for our benefit.

“THANK YOU AMERICA !”

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2) How True [by DetroitPatriot on August 28, 2008]
lets hope that the adults get elected and we can start drilling
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3) Give us a break from MEDC [by Mike Hignite on August 25, 2008]
Giving tax breaks to oil companies is not good. Neither should you give special tax breaks to any specific industry or group. See how this works:

1. Why give a credit to an upstart company without a MI track record? Doesn't that punish a company like Dow who has been here forever? Why should Dow stay then if you won't reward them. This causes companies to leave MI. Boo!

2. Why should Dow get a tax break just because they've been here a long while? Doesn't that put new companies bringing new jobs and technology at a disadvantage simply because they haven't been here long? Boo!

The intelligent thing to do is ... Nothing.
Don't reward any one company over any other. One tax rate for every company, all the same.
A level playing field for all.
Millions saved by eliminating MEDC's expense.

This isn't that hard to understand.
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4) Why [by Anonymous Citizen on August 26, 2008]
"Why give a credit to an upstart company without a MI track record"

Why does jenny give hollywood weirdos 40% of anything they spend here? Why does she think this is a good investment? If it's a good deal she should do it with her money and not what she has stolen from the people.
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5) Why [by Anonymous Citizen on August 26, 2008]
"Why give a credit to an upstart company without a MI track record"

Why does jenny give hollywood weirdos 40% of anything they spend here? Why does she think this is a good investment? If it's a good deal she should do it with her money and not what she has stolen from the people.
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6) Why? [by Anonymous Citizen on July 29, 2008]
Why on earth does an oil refinery need a tax break? They are making an incredible amount of money from the citizens and businesses and should be required to pay their fair share just like any other business/citizen. Many people are struggling to stay in their homes in this economy, trying to choose between medicine and food, but we're going to fatten the pockets of the oil refinery? If we really need to reduce the amount of money coming into government, then why don't we take the taxes the oil refinery pays and set up the infrastructure for renewable sources like wind, wave and solar technology? WHY, WHY, WHY are we considering this??????
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7) Because [by Anonymous Citizen on July 29, 2008]
Every business is this state is way overtaxed. Cut all taxes now and watch this state take off.
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8) You have a point [by Anonymous Citizen on July 29, 2008]
But we're not talking about taxes in general. This is tax relief for a specific industry that makes billions. Why not get rid of the Michigan Business Tax instead? We could use the revenue to provide grants for small business start ups; we could support solar energy, wind energy, wave energy, etc. so that clean energy becomes affordable for the average citizen and reduces our dependency on oil. Supporting big oil is backward, old-fashioned, dependent thinking. It's especially laughable because the oil industry doesn't need support; last I checked, they were making a decent profit. Who does this bill help in exchange for the money the State of Michigan will be losing?

We need to stop being so short-sighted, and think about the future. I expect those making billions in oil to resist, but why those who represent the rest of us? How does this help the people of Michigan?
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9) Another Point [by Anonymous Citizen on July 29, 2008]
"This is tax relief for a specific industry that makes billions"
You're right. The numbers are big but the profit margin is less than Coke, microsoft, Victoria Secret and many other business. Maybe we need to punish the computer industry.

"Why not get rid of the Michigan Business Tax instead?"
Awesome Idea!

"we could support solar energy, wind energy, wave energy, etc. so that clean energy becomes affordable"
Great ideas but they are a long way from being feasible. Besides, oil and gas are pretty darn clean today.

" I expect those making billions in oil to resist,"
Right Again. Now we need to get government completely out of business. They are not good at it. The toads in lansingistan shouldn't be picking winners and losers even if it is something you like.

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