SENATE TAKES UP VOTE ON REPEALING TAX BREAKS FOR BIG OIL

  • Posted by a hidden member.
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    May 17, 2011 7:33 PM GMT
    Most democrats support repealing $2 billion in tax cuts for big oil. Republicans are against repealing the tax cuts despite the fact that big oil is making record profits.


    http://www.msnbc.msn.com/id/43065013/ns/politics-capitol_hill/
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    May 18, 2011 5:19 AM GMT
    $2B... a very small drop in the bucket.... but one has to wonder if the lost subsidis will be passed on to consumers in higher gas prices.
  • Webster666

    Posts: 9217

    May 18, 2011 5:37 AM GMT
    They're wasting their time because it won't go anywhere in the House.
    Besides, thanks to the Republican United States Supreme Court, which gave corporations (like the big oil companies) the right to buy elections, very few Congress members will be brave enough to vote for this, because big oil will see to it that, if they do, they won't win reelection.
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    May 18, 2011 1:19 PM GMT
    yourname2000 said
    alphatrigger said$2B... a very small drop in the bucket.... but one has to wonder if the lost subsidis will be passed on to consumers in higher gas prices.

    "A billion here, a billion there, pretty soon, you're talking real money" icon_biggrin.gif
    (attributed to Senator Everett Dirksen from back in the 50s)

    But I agree with the other guys that this will have a hard time passing...the American democracy is being recarved into a corpocracy. Entities that never die and have near limitless resources will rule you like the kings-among-men they are now.

    Lower taxes no matter what the consequences, but heaven help you if you touch corporate welfare to the oil companies, GE, the corn growers...the list goes on and on. How some argue both points with a straight face amazes me.


    haha, corporate welfare, nice effin try!
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    May 18, 2011 1:37 PM GMT
    It failed in the senate..
    3 dems and two repubs crossed lines.