Tuesday, June 10, 2008

GOP Blocks Tax On Big Oil

Does this really come as a shock to anyone? Really?

WASHINGTON — Senate Republicans blocked a proposal Tuesday to tax the windfall profits of the largest oil companies, despite pleas by Democratic leaders to use the measure to address America's anger over $4 a gallon gasoline.
The Democratic energy package would have imposed a tax on any "unreasonable" profits of the five largest U.S. oil companies and given the federal government more power to address oil market speculation that the bill's supporters argue has added to the crude oil price surge.

The only Republicans voting in favor of the bill:

Bob Corker (R-TN)
Gordon Smith (R-OR)
Olympia Snowe (R-ME)


Enjoy it while you can, Rethuglicans.

No comments:

 
ShareThis