Senate Democrats

Reid: Big Oil Executives Fail To Justify Why They Deserve Taxpayer-Funded Handouts When We Could Be Using The Money To Pay Down The Deficit

“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 thing more mind-boggling than Republicans’ defense of their oil company allies is that they would rather end Medicare than stop giving taxpayer dollars to oil companies that don’t need them.

“I thank Chairman Baucus for holding this important hearing, and hope my Republican colleagues will come to their senses and work with us to end these wasteful giveaways of taxpayer dollars.”