Oil Spill Protection Act [Lazily Law'd]

[Okay, maybe Mike Johnson is a competent parliamentarian.]

I'd be supportive of an earned corporate tax reduction, but I don't think I would like to see it by too much, since we're already only taxing profits above a level that most people and companies would consider exorbitant anyway. Something like reducing it to 4% or 3.5% would I think be good.

[Okay, maybe Mike Johnson is a competent parliamentarian.]

I'd be supportive of an earned corporate tax reduction, but I don't think I would like to see it by too much, since we're already only taxing profits above a level that most people and companies would consider exorbitant anyway. Something like reducing it to 4% or 3.5% would I think be good.

What about reducing the profits tax that goes into the oil fund once it reaches a certain point? Once the Oil Spill Protection Fund reaches two billion, or something, we could cut the tax in half.

I initially forwarded the idea to try and get companies to self-regulate, so that the fund can be used when most needed. Im open to discussing the merits of capping it though.

Yes, I'm not sure it's a great idea to treat this as a one-off thing. The purpose of this should be to foster appropriate and responsible business practices and ethics in the energy industry. It's not as if there's a dearth of things in the energy/environmental realm to use new revenue sources for, anyway.

[Okay, maybe Mike Johnson is a competent parliamentarian.]

Well, is that interpretation an accurate and fair representation of the sentiments expressed on this measure by the humble and honerable servants and dilligent representatives of their respective constituencies, Senators Nathan and Polnut (listed here by senority of course).

That's a fair assessment of what I meant, yes.

I also would like positive as well as negative incentives, if we can think of anything that might work that way.

[Okay, maybe Mike Johnson is a competent parliamentarian.]

I'm glad this staggered through to law.