Repeal Tax Giveaways to Oil Companies

[sandnsea]

Woohoo!! This is GREAT. Keepin' up with Kerry, it's Hard Work!!

FOR IMMEDIATE RELEASE

Kerry Introduces Bill to Repeal Wasteful Tax Giveaways for Oil Companies at Time of Record, Windfall Profits

Below is a statement from Senator John Kerry:

“For a moment, President Bush finally stopped talking like an oil company executive. Farmers, commuters and American families struggling with record gas prices need help more than oil interests which are giving their CEOs $400 million golden parachutes. I will introduce legislation today to repeal the president’s earlier tax giveaways for oil companies. The top oil executives told Congress they don’t need these tax breaks, and I hope the president was sincere today and will work aggressively to get this passed.

“It’s clear every time people fill up at the pump that the current energy policy is broken. The current policy works for big oil interests, not average Americans. Americans need a real plan that will end our dangerous dependence on foreign oil. Continuing to leave our economy and national security entirely at the mercy of the OPEC-controlled petroleum markets is disastrous. We need affordable, clean and reliable transportation fuels that will bring economic growth and stability very soon, not in 30 years.”

[Duer 157099]

1. If nothing else, perhaps recent events with oil companies

will finally give legs to the argument against the "trickle down" theory of economics.

In the face of massive oil company profits and tax cuts and subsidies, the CEO's (and marginally, shareholders) are the ones benefitting from this boom.

Remind your conservative friends of this annoying fact.

[stepnw1f]

3. "Trickle Down" Like Piss

or crumbs from the table of nobility. In theory it makes sense, but nothing is ever that simple, and years of proff that it doesn't work are all too well visible for the average American to grasp.

[ProSense]

2. Guess this explains Bush's hypocrisy

http://www.democraticunderground.com/discuss/duboard.php?az=show_mesg&forum=364&topic_id=1021131&mesg_id=1021131

[me b zola]

4. Perfect!

This is PERFECT!!!!!!!! The flip-flopping gop congress voted to give the oil industry huge tax breaks before they read the polls and decided to create a windfall tax on the oil industry. :rofl:



EVERY DEM SHOULD BE TALKING ABOUT THE POLL-READING, FLIP-FLOPPING, OIL INDUSTRY-LOVING GOP!!!!!!!!




Good work, Senator Kerry! :bounce:

[ProSense]

5. Isn't this about $7 to $10 billion? n/t