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Re: Senators Who Voted To Protect Oil Tax Breaks Received $23,582,500 From Big Oil

By: zzstar in FFFT | Recommend this post (0)
Fri, 30 Mar 12 5:30 AM | 75 view(s)
Boardmark this board | Food For Further Thought
Msg. 40234 of 65535
(This msg. is a reply to 40231 by clo)

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Some f these tax breaks are in place since 1913.




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Senators Who Voted To Protect Oil Tax Breaks Received $23,582,500 From Big Oil
By: clo
in FFFT
Fri, 30 Mar 12 5:07 AM
Msg. 40231 of 65535

They made $130 BILLION in profits, last year, one year!
Nearly 75% of the public polled want these ended, yet these politicians do what greases their pockets, screw the people....

Senators Who Voted To Protect Oil Tax Breaks Received $23,582,500 From Big Oil

By Rebecca Leber on Mar 29, 2012 at 1:59 pm

In a 51-47 vote, 43 Senate Republicans and four Democrats filibustered to protect $24 billion in tax breaks for Big Oil. Although a majority voted for Sen. Robert Menendez’s (D-NJ) bill, it fell short of the 60 needed. The only two Republicans to break rank were Sen. Susan Collins (R-ME) and retiring Sen. Olympia Snowe (R-ME).

A Think Progress Green analysis shows how oil and gas companies have funneled cash to the same senators who protected its handouts:

– The 47 senators voting against the bill have received $23,582,500 in career contributions from oil and gas. The 51 senators voting to repeal oil tax breaks have received $5,873,600. 

– The senators who voted for Big Oil’s handouts received on average over four times as much career oil cash as those who voted to end them.

– Overall, Senate Republicans have taken $23.2 million in oil and gas contributions. Democrats received $6.66 million.

– Since 2011, Senate Republicans have voted seven times for pro-Big Oil interests and against clean energy three times.

more:
http://thinkprogress.org/green/2012/03/29/454853/senators-who-voted-to-protect-oil-tax-breaks-received-23582500-from-big-oil/


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