My preference is to have the wellhead tax receipts go to tax rebates. There are some alternatives that obviously will .be considered by the Congress … - Jimmy Carter

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My preference is to have the wellhead tax receipts go to tax rebates. There are some alternatives that obviously will .be considered by the Congress with or without my approval, and I can't say that my own position will prevail ultimately. But there are different ways to use wellhead taxes. My preference is, as we presented it to the Congress, the rebates. One reason for that preference is that it's fair. Another one is that it doesn't create a tremendous withdrawal from the national economy of substantial amounts of money. If you have increased wellhead taxes and immediately return that money to people in better paychecks on a 2-week basis, then there's not a shock to the country. If you withdraw that money and wait 3 months, 6 months, or a year before it gets back into the economy, you have a tremendous dampening effect on our national economy, which is bad. Now, if some of the wellhead tax should be shifted to enhance the effectiveness of the energy goals, then I can't see anything very bad about that. If you had better rapid transit systems, better insulation of homes, more research and development, for instance, for new energy sources, that would be one thing. But the constant threat is that because of political pressures, that money is going to be returned to the oil companies under the guise of enhancing production. I think the oil companies have enough cash flow right now-- certainly the majors do--to have an adequate degree of exploration. In fact, that exploration, in my opinion, is adequate at this point. And I'm just as afraid that there is a threat that the wellhead tax is going to be given to the oil companies to reward them financially. I think that our package has a gracious plenty of incentives for enhanced exploration and enhanced production of oil in this country. We have by far the highest price for newly discovered oil in this energy package of anywhere on Earth, and I don't think the oil companies deserve to get this money taken out of the consumers' pockets and put in the pockets of the oil companies.

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About Jimmy Carter

James Earl Carter, Jr. (October 1, 1924 – December 29, 2024) was an American politician and member of the Democratic Party who served as the 39th president of the United States from 1977 to 1981. In 1982 he established the Carter Center, as a base for promoting human rights, democracy, finding peaceful solutions to international conflicts, and advancing economic and social development, for which he was awarded the Nobel Peace Prize in 2002. He was a key figure in the Habitat for Humanity project, and has been noted for his criticism of Israel's role in the Israeli–Palestinian conflict.

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Also Known As

Birth Name: James Earl Carter Jr.
Alternative Names: James E. Carter James Carter James Earl Carter 39th President of the United States James E. Carter Jr. James Earl Carter, Jr. James E. Carter, Jr.
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Additional quotes by Jimmy Carter

Yes, not with the PLO; we have no contact with the PLO. But with Jordan and with Syria, with Lebanon and, in a supportive role, with the Saudi Arabians and others, we have played, I think, an adequate role. At the time we discovered that President Sadat was going to make a proposal to go to Jerusalem, we immediately began to use whatever influence we had available to us to encourage the other nations not to condemn President Sadat. This particularly applied to Saudi Arabia, to Jordan, to the European countries, to the Soviet Union, and to Syria. In some instances, either they decided not to condemn him or our influence was successful. We would like very much to keep any of the nations involved in the immediate Middle Eastern discussions from rejecting an ultimate peace settlement and withdrawing from the prospect of going to Geneva. This includes, of course, Prime Minister Begin and President Sadat. They have not rejected the concept that there must be a comprehensive settlement. In the meantime, we don't see anything wrong; in fact, we look with great favor on the bilateral negotiations between Israel and Egypt. In the meantime, we are trying to induce the Syrians, the Lebanese, the Jordanians, and, as I say again, in a supporting role, the Saudis and others, to support both the ongoing negotiations that will continue from Jerusalem into Cairo and also to avoid any condemnation of Sadat that might disrupt his influence and put an obstacle to peace in the future. That's about all we can do. We have no control over any nation in the Middle East. When we find the progress in the Middle East being stopped, we use all the initiative that we can. When we see progress being made by the parties themselves, we support them to move on their own. I think it's much more important to have direct negotiations between Egypt and Israel than to have us acting as a constant, dominant intermediary. I think this is a major step in the right direction. We hope later that Jordan and Syria and Lebanon will join in these discussions, either individually or as a comprehensive group, dealing with Israel directly.

And the last two points I want to make are these. My background since I got out of the Navy has been as a farmer. I'm very proud that you have given me some good, well-trained Florida leaders to come and help me. Reubin Askew is one of the best public servants I've ever known, and he's our Special Trade Representative. Since he's been there, we've made remarkable progress. This year we'll have $40 billion worth of American agricultural products sold overseas. That's an $8 billion increase over last year, and 1979 set world records. 1978 set world records. 1977 set world records. Another man you've given me is Jim Williams. We will have these first 3 years, with the help of him and others, the highest gross income and the highest net income for farmers in our Nation's history. We've made good progress in getting Government's nose out of the private affairs of American citizens. We've deregulated the airlines, the railroads, the financial institutions, trucking, working on communications. And those of you who live in the Orlando area know that airline deregulation has been good for you. Before it took place, there were 4 flights coming in here; now 15. That increase has been very good for the entire country. It's put the competition back in the free enterprise system, let our Government work like it ought to.

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I would like to come down there as soon as I can. An important goal of my administration is to build up a renewed understanding and trust and communication with the nations and the people who live south of here in our hemisphere. My wife's already visited seven nations, as you know.

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