Obama: End tax breaks for big oil

iVillage Member
Registered: 04-07-2002
Obama: End tax breaks for big oil
13
Thu, 03-29-2012 - 3:16pm
http://seattletimes.nwsource.com/html/politics/2017865518_apusobama.html

Obama: End tax breaks for big oil

President Barack Obama's plea to Congress to end $4 billion in tax subsidies to oil companies was rebuffed Thursday as the Senate turned back a Democratic bill to repeal the taxbreaks.

The Associated Press

WASHINGTON —

President Barack Obama's plea to Congress to end $4 billion in tax subsidies to oil companies was rebuffed Thursday as the Senate turned back a Democratic bill to repeal the tax breaks.

Moments after Obama made his election-year appeal in the White House Rose Garden, the Senate failed to get the necessary two-thirds vote to proceed to a measure that would have ended the subsidies. Obama had argued that Americans are getting hit twice - once at the gas pump, and once more by sending billions of dollars in tax subsidies to oil companies.

"I think it's time they got by without more help from taxpayers who are already having a tough enough time paying the bills and filling up their gas tank," the president said. "And I think it's curious that some folks in Congress, who are the first to belittle investments in new sources of energy, are the ones that are fighting the hardest to maintain these giveaways for the oil companies.

REMAINDER OF ARTICLE AT LINK ABOVE

 nwtreehugger  

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iVillage Member
Registered: 05-05-2009
Wed, 04-04-2012 - 6:37pm
Well written post, ITA
iVillage Member
Registered: 05-05-2009
Wed, 04-04-2012 - 6:47pm
'Listen to the elderly, they will tell you about the changes, compared to years ago."

Compared to the age of the earth isn't this somewhat anecdotal errr unscientific so to speak?
iVillage Member
Registered: 03-03-2009
Thu, 04-05-2012 - 10:08am

Pffffffffffffft.

Jabberwocka

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