Senators ask Big Oil to justify tax breaks | The Columbus Dispatch

Full story: Columbus Dispatch
Senators pressed executives from the nation's five biggest oil companies yesterday to justify billions of dollars in tax breaks at a time of soaring profits and gasoline prices. Full Story

United States

#2 May 13, 2011
Simply amazing hearing Jay Rockefeller calling anyone out of touch. Carpetbagger "Rockefeller" whose family forture came from BIG OIL. Obama wanting to subsidize BRAZIL's oil development while having a zero tolerance for domestic oil exploration and production. We the PEOPLE have sufficient oil and natural gas reserves to fuel this nation for 200 years yet our leaders and I'm talking about both sides of the political aisle have mismanaged energy policy and our economy in totality. The only recourse is to out all of them.

Columbus, OH

#3 May 13, 2011
Senate Democrats have proposed legislation to raise $21 billion over 10 years by slashing tax breaks, including a domestic-manufacturing deduction broadly available to other industries and a credit on taxes paid to foreign governments.

... this helps increase to decrease the price per gallon at the pump ??? These guys are clueless. Just more of the same political posturing.
DrC Ohio

Columbus, OH

#4 May 13, 2011
get rid of the tax loopholes for big oil and plug the deficit with it. Big oil is one of the biggest corporate welfare groups out there.

Columbus, OH

#5 May 13, 2011
I don't think Rockefeller should be commenting on oil company profits. Anyone hear of Standard Oil ?

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