Tuesday, March 1, 2011

Grand Oil Party

DCCC: Despite the need to cut spending and reduce the debt, today House Republicans voted against cutting taxpayer spending on subsidies for Big Oil companies making record profits. Last week, House Republicans voted to slash education, research and public safety budgets that would lead to more than 700,000 jobs lost nationwide.
One simple question: why are the leading oil companies, whose profits topped $485 BILLION in a 5-year span, receiving tax subsidies from the government?

Here we sit, with the Tea Party protesting that we're taxed enough already, Wisconsin union members fighting to keep their collective bargaining rights after banksters sucked state pension funds dry, $14 trillion in debt, states laying off workers in the public sector in an attempt to keep their heads above water while dragging down unemployment numbers and the economic recovery in the process, and we're allowing massive oil corporations making record profits to get away with huge tax breaks. Or rather, the fiscally responsible Republicans (and handful of DINOs) are allowing it to continue. How is that remotely acceptable?

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