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GOP votes to keep tax breaks for Big Oil

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Bluebear Donating Member (1000+ posts) Send PM | Profile | Ignore Thu May-05-11 08:25 PM
Original message
GOP votes to keep tax breaks for Big Oil
Predictable voting by the Republicans. The GOP was unanimous in their support of handouts for the oil industry despite what they told voters back home. More from ThinkProgress:

Exxon Mobil is by far the most profitable company in the new Fortune 500 list, riding high oil prices to a staggering $30 billion in income in 2010. Exxon made over $10 billion more than fellow oil giant Chevron, the third most profitable company (AT&T edged out Chevron for the number two spot). ConocoPhillips $11.4 billion in profits put it in the 16th spot, giving the three oil giants a combined $60.9 billion in profits in 2010.

Today, the Republicans in the House of Representatives celebrated this massive redistribution of wealth from American families to oil executives. With the support of 7 oil-patch Democrats, 234 Republicans voted to block a bill to eliminate a $1.8 billion annual subsidy that treats oil drilling as domestic manufacturing."


http://www.americablog.com/2011/05/gop-votes-to-keep-tax-breaks-for-big.html
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sakabatou Donating Member (1000+ posts) Send PM | Profile | Ignore Thu May-05-11 08:27 PM
Response to Original message
1. We love you corporations!
And to you simple humans, fuck off!
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OHdem10 Donating Member (1000+ posts) Send PM | Profile | Ignore Thu May-05-11 08:40 PM
Response to Original message
2. Someone needs to make a commericail on this and run it in
every stat

Some group is running a commercial against Obama, Pelosi Reid
blaming their energy policies (envirnmental concerns) for the
High GAS PRICES. This comes on several times a day here in
Columbus, OH region.

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