U.S. Senate Allows More Corporate Welfare for Big Oil Companies
Matt | On 19, May 2011
It’s official. Senate Republicans like when the Big Oil companies pimp the American taxpayers.
On Tuesday, the U.S. Senate voted 52-48 effectively blocking a Democratic measure to stop the $2 billion in corporate tax breaks allotted to the nation’s largest oil companies. The Democrats needed 60 votes to advance the measure, but obviously fell short with only 52.
It is interesting to see the Democrats who sided with the GOP to keep the corporate welfare flowing for oil companies. Sens. Mary Landrieu (D-Louisiana), Mark Begich (D-Alaska), and Ben Nelson (D-Nebraska) all voted with the Republicans to block the measure. The Republicans with some sense, Sens. Olympia Snowe and Susan Collins (both of Maine), voted to end the tax breaks.
Sen. Landrieu has her nerve giving oil companies more money after BP filled the Gulf of Mexico with oil for most of last year. I believe they contribute to her campaign, so it only makes sense that she is gonna play puppet on this one. Sen. Begich also comes from an oil producing state, so it’s evident that he is in Big Oil’s pocket as well. Sen. Nelson is a big supporter of ethanol that is most likely made from crops in his state.
I’m truly lost about this one. Our lawmakers complain about the the federal debt and budget and bitch and moan that we are spending our way to hell. But, then they vote for a $2 billion tax break? These oil companies are posting ten of BILLIONS of dollars in profit every QUARTER. Why do they need tax breaks?
Meanwhile back at the ranch, there are still shrimpers and other workers on the Gulf coast that are without jobs because of the very oil sitting on the water in the above picture. Do they get tax breaks or a pat on the back for taking a shit in America’s backyard like Big Oil? How sad!