Dems To Force Vote On Ending Oil Subsidies

This should be interesting…

I hope the Dems can continue to “out” the Republicans and their true agenda of supporting the Corporations and the Rich at the expense of the Middle Class…

Or what’ left of the Middle Class after the GOP policies of the Bush Administration….

From the Huffington Post:

Eager to prove that Republicans don’t want to end oil subsidies despite public GOP opposition, House Democrats plan to force a vote Thursday on a measure that would block a major tax break for the five largest oil companies.

As Republicans call for major cuts to domestic spending, Democrats are pushing for tax code changes that would allow the government to bring in more money, particularly from high-profit industries Democrats say do not pay their fair share. President Barack Obama and key Democrats have called for an end to some oil and gas subsidies, arguing gas prices are high enough to sustain industry investment in the United States.

John Hofmeister, the former president of Shell Oil, said in February that major oil companies do not need government help given the high price of gas.

Minority Whip Steny Hoyer (D-Md.) made a similar point at a Tuesday briefing with reporters, shooting down questions about whether ending oil subsidies could increase the price of gas.

“The gas companies are making record profits,” he said. “I don’t think it’s a credible argument that reducing the subsidy on a product that is now getting record prices…will lead to higher [gas] prices.”

House Speaker John Boehner indicated some support for reconsidering those subsidies last week, telling ABC News that they “ought to be paying their fair share.” Obama quickly jumped on the statement, sending a letter to Congress urging an end to the tax breaks.

Boehner quickly walked back the statement, and last Thursday turned down a request by Democrats to vote on legislation to eliminate billions of dollars of oil subsidies.

via Dems To Force Vote On Oil Subsidies.

1 Comment

Filed under Congress, Energy, Oil Dependency, Politics

One response to “Dems To Force Vote On Ending Oil Subsidies

  1. I hope the GOP can continue to “out” the Democrats and their true agenda of supporting the Corporations and the Rich at the expense of the Middle Class…

    Between medical insurance companies, drug companies and big banks getting all out money through Democrat legislation, it won’t take the DNC very long to run this country into the ground. But your right, it’s all the fault of the Republicans… wake up.

    Like

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