Tag Archives: oil subsidies

Rethugs are just puppets of Americans for Tax Reform

From POLITICAL HOTSHEET at CBS NEWS:

Vice President Joe Biden’s deficit reduction talks imploded today after the only two Republicans involved in the negotiations announced they are halting their participation because of their objections to Democratic demands for “tax increases.”

Democrats meanwhile, suggested Republicans are “playing with fire” by holding up a vote on raising the debt ceiling.

House Majority Leader Eric Cantor announced this morning that he would skip today’s scheduled meeting because “Democrats continue to insist that any deal must include tax increases.”

Subsequently, Republican Sen. Jon Kyl of Arizona announced he was pulling out of the negotiations.

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Filed under Barack Obama, Congress, Democrats, Harry Reid, humor, Joe Biden, John Boehner, Jon Kyl, Mitch McConnell, Nancy Pelosi, parody, politics, Republicans, Senate, snark, television, Wordpress Political Blogs

Call Me Un-American

From Andrew Schenkel at mother nature network:

Thursday morning in Washington began with what has become a yearly ritual. The executives from the big five oil companies got to answer questions about their government subsidies in the wake of huge quarterly profits.

Senate Finance Committee Chariman Max Baucus wanted to know exactly why the “Big Five” felt they should continue to get $4 billion in taxpayer subsidies while enjoying profits of $31 billion during the first quarter of 2011 alone.

…snip…

While many reports will make note of the hearing’s circus atmosphere that included Sen. Orrin Hatch’s unveiling of a picture of a dog sitting on a pony after saying he didn’t want the hearing to be about cheap political stunts, there was some actual tension in the room that didn’t require any stunts to feel.

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Filed under Charles Schumer, Chimpy, Congress, George W. Bush, humor, Jay Rockefeller, John Boehner, Mike Crapo, parody, politics, Republicans, Senate Finance Committee, snark, television, Wordpress Political Blogs

The Oily Show

From TALKING POINTS MEMO:

Democrats are pushing hard on ending tax breaks for oil companies, linking the issue to the deficit and high gas prices, which have boosted profits in the industry to new heights.

In a floor speech on Tuesday, Majority Leader Harry Reid (D-NV) said the Senate would target $4 billion in benefits for oil companies with the intention of using the savings to help address the nation’s growing debt.

“If we’re serious about reducing the deficit, this is an easy place to start,” Reid said. “It’s a no-brainer. Let’s use the savings from these taxpayer giveaways to drive down the deficit, not drive up oil company profits.”

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The Oily Turd Catches the Worms

From THINK PROGRESS:

Conservative members of Congress have been feeling the heat all over the country, as a Main Street Movement of everyday Americans have been protesting their efforts to cut crucial services and public investment, including their vote to effectively end Medicare. Last week, during a town hall in Schaumburg, Illinois, [Joe] Walsh came face to face with this public anger. A video of the town hall posted on YouTube shows that a constituent asked why we aren’t reforming the laws that give tax dollars to oil companies that are making huge profits. Walsh replied by saying that he “absolutely” wants to get rid of subsidies for oil companies […]

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