Boehner Pays Lip Service to Cutting Government Oil Subsidies
With gas prices still rising, House Speaker John Boehner has broken from traditional GOP rhetoric to voice his support for ending tax breaks to the oil industry.
With gas prices still rising, House Speaker John Boehner has broken from traditional GOP rhetoric to voice his support for ending tax breaks to the oil industry.
President Obama has championed the same cause since taking office, asking Congress to eliminate $3.6 billion in annual subsidies to the oil, coal and natural gas industries while energy titans such as BP and Shell enjoy record profits. Leaders from both parties are concerned about the impact that long-term gasoline price hikes will have on voters’ minds. — KDG
Your support matters…Reuters:
A New York Times-CBS News poll found that 70 percent of Americans believe the country is on the wrong track and analysts believe gas prices are a main reason for this.
The Obama administration tried unsuccessfully during the last Congress to cut tax breaks and subsidies for fossil fuels.
The attempt to end the subsidies has been strongly condemned by oil and gas companies, which argue that abolishing the tax breaks would reduce domestic drilling, cost jobs and increase U.S. reliance on foreign energy suppliers.
Independent journalism is under threat and overshadowed by heavily funded mainstream media.
You can help level the playing field. Become a member.
Your tax-deductible contribution keeps us digging beneath the headlines to give you thought-provoking, investigative reporting and analysis that unearths what's really happening- without compromise.
Give today to support our courageous, independent journalists.
TD Original
Reflecting on the systems that maintain racism and separatism in America.
Wounds of War
According to Pentagon policy on “responding to civilian harm”, Defense Secretary Lloyd Austin owes Somalian drone victims an overdue apology.
Editorial Cartoons
Politics
Obama's only takeaway from the Syria episode was to never again seek Congressional approval for military action.
Politics
Cautionary politics lost them the majority a decade ago. It’s taken that long to reboot.
With his nonstop barrage of lies, the president has degraded our electoral system to the point that any result will feel illegitimate.
You need to be a supporter to comment.
There are currently no responses to this article.
Be the first to respond.