“The CEOs of the five biggest oil companies proved our point. They failed to explain why American taxpayers should continue throwing their hard-earned money at oil companies that are raking in record profits. We should be using that money to pay down the deficit, instead of cutting vital programs like cancer research and student loans. The only…
‘Taxpayer giveaways to companies pulling in record profits are the epitome of wasteful spending.’ Washington, D.C.–Nevada Senator Harry Reid made the following remarks today on the Senate floor regarding tax giveaways for oil companies: “As I speak, the heads of the five largest oil and gas companies in the world are testifying across the street. …
Baltimore Sun: Cardin Asks Oil Companies To Give Up Tax Breaks. “On the day before the heads of the country’s five largest oil companies are due for a Senate Finance Committee grilling on tax subsidies, Sen. Benjamin L. Cardin is asking them to admit that they no longer need the breaks. The Maryland Democrat is…
Senators Release Letter On Eve Of Major Senate Hearing Where Heads Of Five Largest Oil Companies Will Testify Money Saved By Revoking Wasteful Giveaways Would Reduce Deficit Washington, DC—Today Democrats sent a letter to the CEOs of the Big Five oil companies urging them to admit in Senate hearings tomorrow that they no longer need…
Senators Release Letter On Eve Of Major Senate Hearing Where Heads Of Five Largest Oil Companies Will Testify Money Saved By Revoking Wasteful Giveaways Would Reduce Deficit Washington, DC—Today Democrats sent a letter to the CEOs of the Big Five oil companies urging them to admit in Senate hearings tomorrow that they no longer need…
Letter Calls On Republicans To Join Effort To Close Tax Loopholes And End Unneeded Subsidies For Big Oil Companies Raking In Record Profits While Hiking Prices Money Saved Would Reduce The Deficit By Tens of Billions Washington, DC—Nevada Senator Harry Reid and New Jersey Senator Robert Menendez today sent a “Dear Colleague” letter to Senate Republicans asking them to…
Letter Calls On Republicans To Join Effort To Close Tax Loopholes And End Unneeded Subsidies For Big Oil Companies Raking In Record Profits While Hiking Prices Money Saved Would Reduce The Deficit By Tens of Billions Washington, DC—Nevada Senator Harry Reid and New Jersey Senator Robert Menendez today sent a “Dear Colleague” letter to Senate Republicans asking them to…
Washington, D.C.–Nevada Senator Harry Reid made the following remarks today on repealing wasteful subsidies for big oil companies. Below are his remarks as prepared for delivery: “Saving money requires a lot of difficult choices. Which programs do we cut in tough times? Which priorities are more important than others? As we’ve seen here in the…
Senators Announce Legislation To End Tax Subsidies For “Big 5” Oil Companies And Call On Republicans To Join Effort To Close Loopholes $21 Billion Recouped Over 10 Years Will Go Toward Reducing The Deficit Washington, D.C.– With the nation’s five largest oil companies taking home nearly $1 trillion in profits over the past decade, a…
Senators Announce Legislation To End Tax Subsidies For “Big 5” Oil Companies And Call On Republicans To Join Effort To Close Loopholes $21 Billion Recouped Over 10 Years Will Go Toward Reducing The Deficit Washington, D.C.– With the nation’s five largest oil companies taking home nearly $1 trillion in profits over the past decade, a…