SgtMeowenstein
Rookie
- Feb 2, 2011
- 627
- 67
- 0
- Banned
- #1
That's the GOP for you. They vote to cut programs and funding for organisations that benefit women and poor families, but stand behind their corporate overlords by voting unanimously to keep millions in tax payer subsidies for oils companies that rake in billions in profits and give away millions in bonuses.
ThinkProgress » House GOP Says ‘So Be It’ To Taxpayers, Votes Unanimously to Protect Big Oil Subsidies
House Republicans voted in lockstep this afternoon to protect corporate welfare for Big Oil, even as they call for draconian cuts to programs that everyday Americans depend on each day. As the House of Representatives moved toward approving a stopgap resolution to avert a government shutdown for another two weeks, Democrats offered a motion to recommit that would have stripped the five largest oil companies of taxpayer subsidies, saving tens of billions of dollars in taxpayer funds. The motion failed on a vote of 176-249, with all Republicans voting against (approximately a dozen Democrats joined the GOP). A similar vote two weeks ago to recoup $53 billion in taxpayer funds from Big Oil was also voted down, largely along party lines. The former CEO of Shell Oil, John Hoffmeister, recently said Big Oil doesnt need subsidies in face of sustained high oil prices. From 2005 to 2009, the largest oil companies have made a combined $485 billion in profits.