Friday, May 20, 2011

Republicans Block Senate Vote to End Oil Subsidies

Yesterday evening, Republican opposition prevented the Senate from moving forward with a bill to eliminate $4 billion-a-year tax breaks for the most profitable oil and gas companies in the U.S. By a vote of 52-48, Republicans sank this measure that would have ended taxpayer funding for companies that obviously know how to turn a profit without government help.

The vote represented a line drawn in the sand. As American families continue to pay record prices at the pump, Democrats are fighting for tax fairness, responsibility in government spending, and relief for those who need it. And Republicans also made their allegiance clear – they stand with oil and gas companies.

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