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Tax Breaks for Oil Companies Likely to ContinueAs Congress struggles to address rising gas prices, the Senate is preparing to vote Tuesday evening on a measure to end $20 billion worth of tax breaks over the next decade for the nation's five largest oil companies.As Congress struggles to address rising gas prices, the Senate is preparing to vote Tuesday evening on a measure to end $20 billion worth of tax breaks over the next decade for the nation's five largest oil companies. Democrats say the savings, which amount to about $2 billion a year, would help lower the deficit. "We have to do something about the exorbitant gas prices, and the best way to start with that is to do something about the five big oil companies getting subsidies they don't need," said Senate Majority Leader Harry Reid. "The other thing we have to be concerned about are the huge deficits that we've had, and we can accomplish both of those to some degree today by doing something this evening when we vote on taking away those huge subsidies the oil companies no longer need." The Democratic measure, the "Close Big Oil Tax Loopholes Act," is sponsored by Senators Robert Menendez, D-NJ, Claire McCaskill, D-MO, and Sherrod Brown, D-OH. It is not expected to get the 60 votes necessary to advance the bill in the Senate. Republicans oppose the bill because they say it does nothing to lower gas prices and is not a serious effort to address the problem. "Symbolic votes like this that aim to do nothing but pit people against each other will only frustrate the public even more," Senate Majority Leader Mitch McConnell said. "Americans really aren't interested in scapegoats," he continued. "They just want to pay less to fill up their cars. That's why this Democratic bill to tax American energy is an affront to the American people." |
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moose907 said on Tuesday, May 17 at 7:59 PM
No lets just keeping giving the oil companys more and more while we get less.Their like little kids whine until they get what they want and if they don't get, threaten to do something bad.
67236854Anonymous said on Tuesday, May 17 at 5:28 PM
Excellent analogy on monkey business - (Cont.) Then, replace a third original monkey with a new one, followed by a fourth, then the fifth. Every time the newest monkey takes to the stairs he is attacked. Most of the monkeys that are beating him up have no idea why they were not permitted to climb the stairs. Neither do they know why they are participating in the beating of the newest monkey. Finally, having replaced all of the original monkeys, none of the remaining monkeys will have ever been sprayed with cold water. Nevertheless, none of the monkeys will try to climb the stairway for the banana. Why? Because in their minds... that is the way it has always been! This, my friends, is how Congress OPERATES...... and this is why, from time to time, all of monkeys need to be REPLACED AT THE SAME TIME.
67229362Anonymous said on Tuesday, May 17 at 5:26 PM
Excellent analogy on monkey business - If you start with a cage containing five monkeys and inside the cage, hang a banana on a string from the top and then you place a set of stairs under the banana, before long a monkey will go to the stairs and climb toward the banana. As soon as he touches the stairs, you spray all the other monkeys with cold water. After a while another monkey makes an attempt with same result ... all the other monkeys are sprayed with cold water. Pretty soon when another monkey tries to climb the stairs, the other monkeys will try to prevent it. Now, put the cold water away. Remove one monkey from the cage and replace it with a new one. The new monkey sees the banana and attempts to climb the stairs. To his shock, all of the other monkeys beat the crap out of him. After another attempt and attack, he knows that if he tries to climb the stairs he will be assaulted.Next, remove another of the original five monkeys, replacing it with a new one. (continued)
67229272mikey372002 said on Tuesday, May 17 at 4:36 PM
just like the worthless congressmen who are owned by oil companies, lets clean house america, people we elected forgot who got them there, they are now owned by oil , lets get rid of all thoses worthless congressmen and governement people, Voters clean house
67227127AleisterAk said on Tuesday, May 17 at 3:52 PM
Republicans have never met a tax-break for the rich that they don't like or an expenditure for the poor that they don't hate.
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