Detailed text transcripts for TV channel - FOXNEWS - 20110518:20:51:00
Royalty up to $18 but gold which has doubled in price, mining companies pay zero. zero. nothing. nothing, thanks in large part to harry reid. you can lock at this illustration, oil companies pay 18.75 percent on every barrel of offshore oil and 12.5 percent when it comes on shore the same rate as coal companies but mining companies, gold, silver, they pay nothing on $20 billion of minerals they take off public lands each year. >> the gold and silver that the companies extracted are all of ours, taxpayer resources and we should get some run for the depletion of this nonrenewable asset. >> you t...
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