With Big Oil raking in record profits, House Democrats offered a Motion to Recommit to the House Republican short-term spending bill this afternoon making a responsible cut to the budget: putting an end to taxpayer-funded subsidies to large oil companies. Repealing these subsidies would save taxpayers tens of billions over the next decade and even ex-Shell CEO John Hofmeister agrees saying “with high oil prices, such subsidies are not necessary.”
Rep. William Keating (D-MA) offered the motion on the House floor saying “let’s stop sending taxpayers’ money to the most profitable companies in the world.”
Republicans voted unanimously against the motion, defeating it by a vote of 176-249.
According to Republicans, we're too broke to fund childhood nutrition programs, Head Start, environmental protection, food safety, community health centers, nuclear security, energy efficiency programs, scientific research, FEMA, Planned Parenthood, the Securities and Exchange Commission, the Social Security Administration, and the Centers for Disease Control, among other things. And as a result, they're willing to put 1 million jobs at risk.
But we're not too broke to provide tax-payer funded give-aways to one of the most profitable industries in the country - oil companies.
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