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Democratic strategist Sally Kohn discusses the need to remove subsidies and how the price of oil will impact the 2012 election.
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-- strategist Sally Cohen is with a -- welcome back good to see you again with that now I don't wanna belabor the point via a less.
-- -- the president is gonna go to New Hampshire today is gonna -- get rid of those oil company subsidies get rid of them now tax them mall.
And this is his response to rising gas prices now I got a serious question here.
How can you do anything about gas prices like lowering gas prices by taxing oil company's more.
How do you do that so first of all look even Grover Norquist the Fed removing -- -- in the tax but let let's put that aside for a second.
That when it comes gas prices and politics there's a reality and then there's perception of reality and that both.
Parties on both sides of the -- know the reality is there's nothing that the president.
Can do short term to affect gas prices is mostly about Iran.
-- say about the speculation tax.
Oil companies mall in whatever way you do it is a political move not designed to get gas prices down you accept.
In the short term.
The if you what you're asking uses it's a move designed to short term affecting gas prices not removing that tax subsidies in the Melissa four billion dollars for the -- no -- be thankful that looks.
-- all the companies you get -- like -- to that point do you write to that point.
Look what we're talking -- -- both sides playing political football here so the Republicans are gonna hammer President Obama it's fair for president Obama's and look.
Exxon and other all making billions and billions of record -- OK why -- -- giving them our money question.
You accept that in the short term taxing oil company's more does not get gas prices down.
You've left open the question for the long term so I'll ask you in the long term if you tax oil companies more you get gas prices down.
We're not raising taxes on oil companies -- president as you know he let me it's just not take up all billion canceling but.
The question I'd rather someone explain to me why on earth we should be giving profitable oil -- -- the company.
The billion dollars he appetite for Euro dollar -- playwright if you take full billion dollars more off the oil companies.
Do you get gas prices down in the long term do you you now well.
Let me answer the question first of all the long term solution to gas prices in this country partly comes from instability -- -- -- from domestic production and including.
The president's all of the above strategy of let's increase.
Alternatives so that relax fuel -- gas and -- it will come but.
Yes I wanna be pleased least likely that they can engage in local it's -- we -- something you know you look -- a look at it.
Is about this is about the president and frankly the future -- -- Contra deciding look what are we gonna do are we gonna keep pouring money.
Our tax money into already profitable and successful fossil fuel companies of the past are we gonna invest.
In the new energy valujet.
I'm not look this is nothing good about countries what I'm saying why don't -- they're profitable successful government why did get aren't funny I think you -- the actual.
Now about 40% back.
To the federal government -- they don't pay -- percent back -- who don't mind it.
-- -- -- -- -- -- -- -- -- Zomorodi -- Google -- and companies can't -- -- the streets of we're seeing how coming down on bit windy aren't giving a little bit downs it lined up 40% why I'm -- you once -- yeah percent of the.
Well yeah why are really giving.
We want more oil.
I haven't got -- money they have enough money to drilling you know we get -- way up -- -- -- move -- already last question yes -- -- -- -- A group of federal employees says -- you -- -- you -- more money -- the private sector.
And yeah of this -- I got a group got on the thought I certainly wouldn't -- I mean I understand but look.
I don't know why -- -- -- private sector workers against public sector workers regular working folks pay -- at all what I MA but the reality is.
And let's go back the oil companies would I rather see more money go to both private sector and public sector regular working folks so they can they can handle higher gas prices.
Yes I would instead of going in the poverty is limited is a Democrat I have to agree with you we don't need to divide and conquer we're all Americans were all in this together yet so what's he doing beaten up on the -- eyes that banks -- let -- beat up on anybody -- -- always a pleasure and the other thing on cigarettes ought to cut off and you prime then go.
