Yesterday, nearly all of my Republican colleagues voted against cutting our deficit by several billion dollars and in favor of protecting their Big Oil backers.
Even with a majority of senators in favor of repealing the subsidies, a GOP-led group of 48 senators stood with Big Oil and successfully blocked the bill when it came to the Senate floor for a vote.
At a time when those senators are telling the American people that it’s necessary to cut benefits for seniors and the middle class, they turned their backs on an opportunity to recover billions of taxpayer dollars from five of the most profitable companies in the world -- money that could be used to reduce the deficit and protect important programs.
Despite the defeat, the 45,000 grassroots Americans who signed our petition to end these unfair corporate giveaways made a big difference. This type of bill might not have even been voted on had it not been for our strong public outcry. And we nearly won. Thank you.
This vote put Republicans on the record defending Big Oil -- and opposing hardworking Americans who are struggling to make ends meet. This fight is not over. We’ll do everything we can to make sure they’re held accountable.
Thank you for standing with me,
Friday, May 20, 2011
McCaskill: Republicans stood with big oil over taxpayer interests
In a newsletter, Sen. Claire McCaskill, D-Mo. says the GOP's successful effort against a plan to eliminate subsidies for big oil, shows where the party's priorities lie:
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4 comments:
Accounting is such a black art that some could argue these "breaks" are justified as covering a cost of doing business. I don't know. I do know that every cent big oil gets to pay taxes comes from you and I, at the pump or in our home heating bill. Where else? So these "breaks" keep some of our money from going to the government to pay back campaign contributors. It's time to end corporate taxes. If big oil gets $2.00 out of every gallon you buy, and pays 35% tax, you just sent $.70 to DC to spend. End corporate taxes and that $.70 can go for new investment, exploration, and making US labor competitive on the world market. Sorry, Claire, but the light is coming on. As Reagen said, government isn't the solution, government is the problem.
but St. Reagen raised taxes 9 times during his 8 year term...go figure.
Anybody wanting to give tax money to companies making obscene profits is only voting against their own self interest and must be a republican that can not think for themselves.
Anon 8:50 --- you high or what?
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