Tag: Oil Companies

GOP Strategy: Give Oil Companies More Tax Cuts

Cross Posted  from The Stars Hollow Gazette

Americans are struggling to make ends meet, can’t find jobs and are making less money than they did in 1997. What is the House GOP solution? Tax cuts and subsidies for drilling to oil companies that are the most profitable.

Today, the Republicans in the House of Representatives celebrated this massive redistribution of wealth from American families to oil executives. With the support of 7 oil-patch Democrats, 234 Republicans voted to block a bill to eliminate a $1.8 billion annual subsidy that treats oil drilling as “domestic manufacturing”:

   House Republicans rejected an effort by Democrats Thursday to use a procedural maneuver to force a vote on a bill to repeal a key oil industry tax break.

As they did in March, House Republicans voted unanimously to defend these wasteful, unaffordable and unfair oil subsidies, even though several members told their constituents they want to end them.