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**Patgaepx** · 01-02-2007, 06:24 PM

Out of curiosity, do those of you who talk about "record profits" with a tone of indignation think that profit should be capped for corporations? If so, would it be a gross dollar value, or a percentage of the company's revenues? Or, should it be some combination (i.e. to prevent small startups from being penalized)?

Personally, I don't like the idea, but I'm curious to hear from people who might.

I agree with you - I don't like the idea of capping profits for corporations. But neither do I like the idea of giving such companies tax cuts. There have been something like $6 billion in tax cuts to the oil industry in the last few years. The energy bill passed by the House would rescind these tax cuts.

01-02-2007, 06:24 PM	#28
Patgaepx Join Date Oct 2005 Posts 419 Senior Member	Out of curiosity, do those of you who talk about "record profits" with a tone of indignation think that profit should be capped for corporations? If so, would it be a gross dollar value, or a percentage of the company's revenues? Or, should it be some combination (i.e. to prevent small startups from being penalized)? Personally, I don't like the idea, but I'm curious to hear from people who might. I agree with you - I don't like the idea of capping profits for corporations. But neither do I like the idea of giving such companies tax cuts. There have been something like $6 billion in tax cuts to the oil industry in the last few years. The energy bill passed by the House would rescind these tax cuts.
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