Join CFIF Corporate Counsel and Senior Vice President Renee Giachino today from 4:00 p.m. CDT to 6…
CFIF on Twitter CFIF on YouTube
This Week's "Your Turn" Radio Show Lineup

Join CFIF Corporate Counsel and Senior Vice President Renee Giachino today from 4:00 p.m. CDT to 6:00 p.m. CDT (that’s 5:00 p.m. to 7:00 p.m. EDT) on Northwest Florida’s 1330 AM WEBY, as she hosts her radio show, “Your Turn: Meeting Nonsense with Commonsense.”  Today’s guest lineup includes:

4:00 CDT/5:00 pm EDT -  Justin Johnson, Senior Policy Analyst for Defense Budgeting Policy at The Heritage Foundation:  Military Readiness;

4:15 CDT/5:15 pm EDT - Trey Kovacs: Policy Analyst at the Competitive Enterprise Institute:  Obama's New Overtime Rule;

4:30 CDT/5:30 pm EDT - Ari Cohn, Legal and Advocacy Officer at the Foundation for Individual Rights in Education:  Free Speech on College Campuses;

5:00 CDT/6:00 pm EDT - Tzvi Kahn, Senior Policy Analyst at the Foreign…[more]

May 23, 2016 • 01:34 pm

Liberty Update

CFIFs latest news, commentary and alerts delivered to your inbox.
Jester's CourtroomLegal tales stranger than stranger than fiction: Ridiculous and sometimes funny lawsuits plaguing our courts.
Living Social(ist): Alerting America to Dumb Government Policies Print
By CFIF Staff
Thursday, September 02 2010

Act Now: Congress and Obama Want Preferential Tax Treatment for Foreign-Owned Energy Producers

CFIF has released a Living Social(ist): Bad Deal Alert, a new take on the trendy deal-of-the-day email coupon services exploding in popularity across the country. Instead of offering half-priced chocolate spa baths or $1 admissions to your local petting zoo, we highlight a truly foolish idea currently being considered by President Obama and Congress.

This particular "coupon" – which is being offered to foreign, mostly state-owned energy producers like Hugo Chavez’s Citgo – calls attention to a dubious new tax hike in the president’s proposed 2011 budget. It’s a great deal for foreign competitors as it would double-tax domestic oil and gas producers on money earned overseas, leaving foreign-owned companies with a competitive advantage in the marketplace. Plus, it comes with the added benefit of limiting America’s access to energy resources that fuel our economy, provide 9 million domestic jobs and ensure our access to affordable energy. 

[+] (enlarge)

We hope this humorous take on a serious issue will inspire readers to join CFIF in opposing this job-killing proposal.

Remember, by doing away with the credit for dual capacity taxes for America’s oil and gas industry, Congress and the president would effectively be handing jobs, revenue and investment to foreign and mostly state-owned oil companies in Venezuela, China and the Middle East. And it would reduce America’s energy independence and security, while raising energy prices for American families.   

Contact your representatives in Congress now. Tell them “NO” to preferential tax treatment for foreign oil, “NO” to changes in the dual capacity tax laws. 

And, please help us spread the word by sharing this with your friends, colleagues and family members.

Question of the Week   
Armed Forces Day is observed annually on the third Saturday in May. When was the first Armed Forces Day celebrated?
More Questions
Quote of the Day   
 
"On May 10, the Arizona Supreme Court heard oral arguments in a case that could provide a roadmap to eliminate a persistent form of government waste in nearly all 50 states.At issue is the practice of union release time, which allows government employees paid time off to conduct union activity unrelated to their job duties or any public purpose. The wasteful practice occurs in a majority of state…[more]
 
 
—Trey Kovacs, Competitive Enterprise Institute
— Trey Kovacs, Competitive Enterprise Institute
 
Liberty Poll   

Which one of the two major political parties do you believe will be more unified behind its presidential candidate following the nominating conventions?