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How serious is Newsom on taxing ‘greedy’
oil companies? He’s calling a special session

Original Article

Posted By: NorthernDog, 10/8/2022 6:41:19 PM

A week after proposing to levy a new tax on oil companies, California Gov. Gavin Newsom on Friday called for state legislators to convene in Sacramento for a special session in December to hammer out the plan. In response to a historic surge in gas prices in the Golden State, Newsom last week proposed a tax on oil companies to fund rebates for California taxpayers getting squeezed at the pump. During a press gaggle on Friday, the Democratic governor announced the special session for Dec. 5 — about a month after dozens of new lawmakers will be elected to office. Newsom


Why wait until after the midterm elections? Probably because such a tax would increase prices even more, and hamper supplies.

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Reply 1 - Posted by: chance_232 10/8/2022 6:46:36 PM (No. 1299097)
This will have the exact opposite desired outcome. In addition to higher prices, expect shortages. And probably companies moving out of California. They could also shut down the California oil extraction.
7 people like this.

Reply 2 - Posted by: Northcross 10/8/2022 6:48:41 PM (No. 1299100)
Newsom in 2024 so we can all have $7 a gallon gas and homeless encampments in every town.
8 people like this.

Reply 3 - Posted by: bamapreacher 10/8/2022 6:55:11 PM (No. 1299113)
Raise taxes and oil companies will raise prices to compensate and the consumer will be no better off. And you can bet that most of the tax revenue will go to wasteful things.
6 people like this.

Reply 4 - Posted by: bad-hair 10/8/2022 7:00:01 PM (No. 1299117)
Hey Cali You had your chance to ditch this drooling idiot but you kept him. Now you're his toy. The rest of us don't care..
14 people like this.

Reply 5 - Posted by: GoodDeal 10/8/2022 7:10:32 PM (No. 1299135)
Praying for illegals is really expensive so creating taxes is the name of the game.
4 people like this.

Reply 6 - Posted by: BeatleJeff 10/8/2022 7:16:00 PM (No. 1299141)
At this point the oil companies should all just make the ultimate statement and completely pull out of California. Show them what oil free will really be like.
11 people like this.

Reply 7 - Posted by: curious1 10/8/2022 7:32:50 PM (No. 1299158)
When CA doesn't have ANY gasoline or diesel, maybe that will wake up the lefties. Nah, it'll be somebody else's fault, I sure.
6 people like this.

Reply 8 - Posted by: john56 10/8/2022 7:46:35 PM (No. 1299187)
If any Republican has a chance to win any office in Cal, they should be running ads showing gas prices going up and/or oil companies refusing to do business in Cal or taking jobs out of the state.
5 people like this.

Reply 9 - Posted by: czechlist 10/8/2022 8:29:31 PM (No. 1299225)
Gruesum knows most of our Asian imports are unloaded at kali ports. The arrogant a s s knows we all pay the price to get the products out of his stinkin' State.
4 people like this.

Reply 10 - Posted by: thefield 10/8/2022 8:44:15 PM (No. 1299236)
I don't know who tried this before jimmy or billy Jeff but it raised almost nothing extra.
5 people like this.

Reply 11 - Posted by: JHHolliday 10/8/2022 8:51:34 PM (No. 1299243)
Agree with #6. Just leave. It’s not going to get any better in the foreseeable future. No need to invest in refineries or any other oil related business. Just get the hell out and that applies to any other business in that shole of a state.
4 people like this.

Reply 12 - Posted by: DVC 10/8/2022 10:30:41 PM (No. 1299296)
Greedy, thieving thugs want to get MORE OPM any possible way that they can.
5 people like this.

Reply 13 - Posted by: WV.Hillbilly 10/8/2022 10:58:23 PM (No. 1299312)
Oil companies won't pay the tax. Consumers will.
7 people like this.

Reply 14 - Posted by: skacmar 10/9/2022 12:36:11 AM (No. 1299377)
Who is the greedy one? The oil companies who actually produce and sell a commodity that consumers actually want, or the California government who produces nothing and just taxes and taxes and taxes to punish success.
5 people like this.

Reply 15 - Posted by: Krause 10/9/2022 6:12:39 AM (No. 1299437)
Have democrats veered lowered taxes? Ever?
3 people like this.

Reply 16 - Posted by: 24tea@Mag 10/13/2022 4:45:47 PM (No. 1303701)
Greed is not the oil companies. It’s the Biden. The oil companies are paying taxes and employees are paying when working. So let’s go back to drilling and fracking.
0 people like this.

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