Democrats revive plans to spike oil industry tax breaks
Steve Bartin
27 July 2012
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[This article was syndicated via RSS from Newsalert. The views represented do not necessarily represent those of the Chicago Daily Observer.]
The Houston Chronicle reports:Oil companies’ second quarter profits are down because of relatively low crude prices, but that isn’t stopping Democratic lawmakers from pushing plans to spike tax breaks for the industry.Attention dim witted Republicans: why allow people making over $200,000 to get a tax write off for donating money to Harvard? When is Harvard going to pay their "fair share"?
Sen. Robert Menendez, D-N.J., and Rep. Chris Van Hollen, D-Md., today renewed a campaign to end a suite of tax incentives for the nation’s five biggest oil companies and accused presumed Republican presidential nominee Mitt Romney of blindly supporting “subsidies for the richest oil companies.”
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