Kerry's 8% Royalty Plan on Western Miners Options

[gold_tutor]

August 10, 2004

KERRY PLAN WOULD EXPORT THOUSANDS OF HIGH PAYING MINING JOBS,
KILL WESTERN ECONOMIES

A proposal unveiled yesterday by Senator John Kerry to impose an eight percent royalty fee on minerals operations in the West would cost between 18,000 and 44,000 jobs and result in a net loss to the federal Treasury of $400 million to $500 million based on independent analyses. The $600 million dollars raised by the proposal would go to maintenance in the nation's parks and hoped-for jobs creation in associated service businesses.

"We support the National Parks, but funding minimum wage jobs on the backs of miners is bad economics and is bad for the country," National Mining Association President Jack Gerard said today. "Senator Kerry obviously has not done his math. He would destroy the highest paying jobs in Nevada, Arizona and New Mexico, for example, to pay for entry-level service industry jobs and devastate mining communities throughout the West in the bargain."

"At the same time he is promoting energy independence, Senator Kerry would force minerals exploration and production off-shore and would increase our reliance on outside sources for the materials that are critical to our economic and national security," Gerard continued. "Local, state and federal tax revenues would be depleted by hundreds of millions of dollars as mining operations are forced into closure."

"This is the worst example of robbing Peter to pay Paul," Gerard concluded. The plan follows additional announcements made by the Kerry campaign on Monday to tax parts of American industry to pay for some of his recent campaign promises.

Copyright © 2004. National Mining Association. All rights reserved.

:o :o :o :o :o :o :o :o :o
:( :( :( :( :( :( :( :( :( :(

And this "brainiac" wants to be Prez? Good Grief!!!!!
Doesn't the cardboard cut-out politician understand that if it ain't GROWN, it's MINED!
Cannardly wait t'hear his bright ideas fer the farmer/rancher/forester types....

[Quilomene John]

Hey all,
What a joke! The Socialist Economic Model goes like this:
1. If it makes money, Tax it!
2. If it works,but breaks even, Regulate it!
3. If it loses money,Subsidize it!

In the mindset of a true Party Socialist, it works! It works for people, it works for business, but in reality, it doesnt work at all!!!!!!!

[coargonaut]

Kerry may have to wait to impose this one.

From Vodkapundit.com:
"FYI: Nevada, Arizona, and New Mexico are all states Kerry must at least be competitive in, if not outright win, in order to have any chance on November 2."

What do you bet there will be some sort of "No, this ain't gonna happen" come from the Demo's? At least, before the election. Afterwards, they can say it is needed to balance the budget or something.

Ed

[russau]

i must be dreaming! am i having a nightmare or something????? nobody could be this crazy to do all of this cr-p and try to run for office of the prez. of the usa! he even has the communist party voting for him and they said they wouldt have a man run against him because he is for everthing that they want! he even has the ecoterrists for him and the FBI is turning a blind eye??? whats up with this??? but if you forget and leave a fingernail clipper in your bag or pocket, they jump on you from all sides! where is the ballance here??? dont the dems see that kerry is using them??? hes all for the outsourcing of jobs,and the unions dont want this outsourcing, but they still support this jerk!??? whats up???