Thursday, June 09, 2016

Big Oil Subsidies

The next time Congress works on budget cuts, they should start cutting with the oil subsidies. Currently 4.5 billion taxpayer dollars go to the oil industry each year in tax breaks that may have been warranted in the past, but the rationale in today's industry is no longer there. Yet, because of intensive lobbying and Citizens United, there is no will in Congress to plug this "Giant" loophole.

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