Democratic Underground Latest Greatest Lobby Journals Search Options Help Login
Google

Big Oil emerges largely unscathed from Democratic assault

Printer-friendly format Printer-friendly format
Printer-friendly format Email this thread to a friend
Printer-friendly format Bookmark this thread
This topic is archived.
Home » Discuss » Archives » General Discussion (1/22-2007 thru 12/14/2010) Donate to DU
 
rodeodance Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Dec-30-07 03:04 PM
Original message
Big Oil emerges largely unscathed from Democratic assault
Big Oil emerges largely unscathed from Democratic assault
Posted on December 24th, 2007
By Ben Geman

http://www.earthportal.org/news/?p=761

Greenwire: When Democrats took over Congress this year, they vowed loudly and often that big oil companies’ days of tax breaks and subsidies were numbered.

And their timing in the early going seemed perfect. Last Feb. 1, Exxon Mobil Corp. posted a record 2006 profit of $39.5 billion — slapping an exclamation point on House approval of a measure two weeks earlier that would boost industry taxes to pay for renewable energy programs.

But that measure never became law, and now the industry has emerged with nary a scratch from several Democratic efforts to revise oil-friendly tax policies and repeal royalty incentives. The most recent failure came this month when Democrats — facing GOP-led filibusters and a veto threat — jettisoned oil provisions from a big year-end energy bill.

Why did the Democrats’ assaults flop? “You know the answer to that,” said Rep. Rahm Emanuel of Illinois, who heads the House Democratic caucus. “You have a guy at 1600 Pennsylvania Avenue who came in defending Big Oil and is determined to leave defending Big Oil.” The White House had threatened to veto energy bills that raised industry taxes......................
Printer Friendly | Permalink |  | Top
Democrats_win Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Dec-30-07 03:09 PM
Response to Original message
1. Interesting. I say tax them retroactively to..10 million BC. That'll teach'em: don't tread on US.
Edited on Sun Dec-30-07 03:10 PM by Democrats_win
Then go after the golden parachutes.

On edit: 60 million BC that's when the dinosaurs died.
Printer Friendly | Permalink |  | Top
 
ladjf Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Dec-30-07 10:15 PM
Response to Original message
2. Big Oil will be dealt with at a later time and it won't be the
Democrats that bring them down. It will from massive good logic of converting to alternate energy sources. (Fire away all you Fossil Fuel Shills.)
Printer Friendly | Permalink |  | Top
 
DU AdBot (1000+ posts) Click to send private message to this author Click to view 
this author's profile Click to add 
this author to your buddy list Click to add 
this author to your Ignore list Sun Dec 01st 2024, 11:50 AM
Response to Original message
Advertisements [?]
 Top

Home » Discuss » Archives » General Discussion (1/22-2007 thru 12/14/2010) Donate to DU

Powered by DCForum+ Version 1.1 Copyright 1997-2002 DCScripts.com
Software has been extensively modified by the DU administrators


Important Notices: By participating on this discussion board, visitors agree to abide by the rules outlined on our Rules page. Messages posted on the Democratic Underground Discussion Forums are the opinions of the individuals who post them, and do not necessarily represent the opinions of Democratic Underground, LLC.

Home  |  Discussion Forums  |  Journals |  Store  |  Donate

About DU  |  Contact Us  |  Privacy Policy

Got a message for Democratic Underground? Click here to send us a message.

© 2001 - 2011 Democratic Underground, LLC