With corn prices at an all time high, is Obama going to add to windfall tax on corn farmers?

all-time high
Max Power asked:

Like Obamas, Carter’s wannabe action of a windfall tax on oil companies.
Thor:

Exxon:
Profit Margin (ttm): 10.85%

Where do you get 25%?.

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10 Responses to 'With corn prices at an all time high, is Obama going to add to windfall tax on corn farmers?'

  1. Ada S - November 25th, 2008 at 8:33 am

    Corn farmers aren’t manipulating the market to their advantage. Oil companies are.

  2. WWIII - November 25th, 2008 at 12:10 pm

    NO

    Just the opposite, he opposes buying mostly sugar cane from Brazil (Bush policy), but supports buying American corn to produce ethanol.

  3. fdm215 - November 26th, 2008 at 1:17 am

    I haven’t seen any such proposal.

    I have seen 4 polls showing that Obama beats Mccain on pretty much EVERY important issue in this election.

    Next.

  4. susi - November 28th, 2008 at 1:13 am

    You betcha!!!!

  5. Zogtastic - November 28th, 2008 at 11:14 pm

    Depends… are corn farmers making an enormous profit?

    Is there anything to tax?

    The point of the windfall profits tax on oil companies was to say “hey look, you’re not using this money to do research to find more oil, so you don’t need it”.

    Do you expect corn farmers to research into new corn drilling sites?

  6. Chuck G - December 1st, 2008 at 11:28 am

    Considering the fact that ethanol producers are funding his campaign and providing “advisers” to his energy policy, oba isn’t going to do a damned thing to them.

  7. janette_huffman - December 2nd, 2008 at 11:32 am

    Of course not! his State is the biggest producer of corn!

  8. darkdiva - December 5th, 2008 at 8:48 am

    I don’t know. Have you asked him?

  9. thor_torkinson - December 7th, 2008 at 7:44 pm

    I wouldn’t be surprised. I guess the oil companies 24% profit margins are his new magic number. If you’re starting a business, plan accordingly.

  10. His Divine Shadow - December 9th, 2008 at 12:37 pm

    Ada S: If corn farmers aren’t manipulating the market, why is Tom Daschle, who has a significant stake invested in the industry, supporting the ethanol movement? Where I come from, this is called a conflict of interests.


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