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Want new -- -- the oil traders it tax -- oil like I've heard.
Or oil trade trade and I don't -- it's a little -- accounts handled all right after this spirited folks at new legislation working its way around Capitol Hill Massachusetts Democrat Michael -- a lot of isn't.
-- biggest fan of the way business is done on Wall Street -- this idea seems right up his Alley welcome back to happy hour congressman.
Glad to be back I think that the -- -- will -- -- OK -- you wanna tax the oil traders we actually have this what -- hit or miss segment where we decide whether we like it or not.
The guys didn't like it and I like did what his opinion one yet when it's bright really I think you know it's about time that you you finding creative way.
-- taxes do racist act we have to pay for the bridges.
For the pot to fill the potholes you don't have enough money you can't tax gap anymore it's got company someplace.
And that's exactly it.
I've been one -- who supports this particular proposal but not as an exclusive proposal which is good as any.
We do have to find money to fix those roads and bridges and and Boston's more subways and commuter rails and -- and if we don't have the money would not commit would do it it's really quite simple and if it's not this then I would ask where should we get.
By an idea of a 7087 billion dollars stimulus package.
Or why don't we just continued -- the end -- like you want attacks by the way it seems that Democrats solves every problem by putting a tax on something.
Taxing oil -- are you kidding me because well how much money -- -- number one number so.
You want to take liquidity out of his system is gonna.
It's drive prices are all about this how about taxing the user how about taxing at the pump iron in nineteen point four -- two or three or four cents a gallon more.
And then they user all of those highways will pay for I have an idea.
Stop taxing everybody.
For a while you can have a full blitz I I have no problem -- and user just right now they're not the votes in congress -- No one knows how to socially and saying this attack so they send you right tackle anybody and we look at the Wall -- up populist -- the crap out of Adam and Obama no no no it's it's it's an attempt to find something that's related to -- -- least from my perspective others may have other reasons.
I'm not trying to tax won't feel any more than thirty tax.
I'm simply trying to find ways to get the money to fix the subways in the commuter rails in the bridges and as a major title being built right into Wall Street right now as we speak.
That money has to come from someone about a dozen companies that's fine I I actually would prefer the gas tax but the -- -- they have the votes on fifteen that or do nothing.
We'll try to find out from that this is open.
Represented I mean the thing that irks me from the beginning as you know you guys both Republicans and Democrats found.
Trillions of dollars or 800 billion dollars at a minimum that you sent to the shareholders -- Wall Street can't.
Unbeaten yes finally -- don't let you -- money didn't.
-- -- -- -- -- -- -- -- The paper this you have to -- you do you guys know no better than I'm sick to death you know really no better than walk back indictment is going to be taxed because she owns or.
You know you know better than that you know -- I don't find the money you know that we borrowed the money.
You know -- we printed -- and if you don't but still tell.
It's so important.
And you also know that that is not the way we should be going its way to go when an emergency and the dire situation the entire economy is coming down.
Now I notice some people agree -- that that's fun.
I happen to think that the economy was about to collapse I thought it was necessary to do.
Not what you do in the normal course of events and I would never supported in the normal course of events for roads and bridges -- any -- normal situation as an -- -- situation.
Well there so that that's that's that's a fair point well.
Dead -- -- was asking that you won't raise any money from this and I know some of the critics out there saying net then they're going to take their trades.
Two other exchanges overseas so you won't get your money anyway can you address those -- a lot of money -- you make off this tax.
I don't I don't know tomorrow -- my -- -- Again that that's that's the point is good diet so don't you think you should if you're proposing a tax don't you think you should have felt the top -- and I didn't.
Lot I you have I have heard and -- -- that what could have been the new tellem could I don't look for the way.
So obviously here's what will happen -- -- as I -- I've done this 23 years if you put a tax on exchanges here in the US it will simply go to Europe it's a very simple transition.
I'll do my business over there therefore you don't get taxed -- you don't you don't.
Get the tax revenue in the United States you've driven.
Business overseas and then you're -- go -- cut the rates gasoline.
Anything that we get and it's amazing we get any business taxes from anybody because every time we raise business taxes -- we -- we look at.
-- affected we get that same argument we're all going to -- sure we're all the runaway well to hire someone well as parents to some but for the most -- it doesn't happen.
It's hard to remain he's your colleague congressman Peter Defazio.
-- it's gonna raise a 140 billion.
And you guys have a gap of a 190 billion so we'll obviously be more than enough to fill the gap and this is for the yet transportation congress -- highway trust fund.
We're just about out of time I I I I simply would ask yet.
Art did you read the 12100 still -- 12100 page bill that passed it on Friday and congress for a cap and trade.
I -- -- -- voted on it.
And read the best they could actually did not.
Work congressman you have somebody in your step that summarizes the 12100 -- yeah -- -- -- -- have.
We have staff there.
Everywhere reading every bill that comes along.
Including these bills I mean what I can my staff presented we have other staff and whenever it happens there is no human being who could possibly know every issue so.
Don't -- -- still can't you can't.
You wouldn't you would have no votes than anything you can't no human being could know everything you've seen every one of those bills it's possible -- you know where it.
So let's quit -- so quick -- I don't know let's just say hey take you so much harassment thank you very much for doing net against C a great time already -- -- we're right at.
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