Saved by Senate Republicans, big oil companies Exxon Mobil Corp., Chevron Corp., Shell Oil Co., BP America Inc. and ConocoPhilips Co. dodged an attempt Tuesday to slap them with a windfall profits tax and take away billions of dollars in tax breaks in response to the record gasoline prices that have the nation fuming.
"Americans are furious about what's going on," declared Sen. Byron Dorgan, D-N.D. He said they want Congress to do something about oil company profits and the "orgy of speculation" on oil markets
"We are hurting as a country. We're hurting individually as Americans ... and the other side says, `Do nothing. Don't even debate the issue,'" Sen. Charles Schumer, D-N.Y.
"Average citizens are scratching their heads and saying, what's wrong with Washington," said Schumer.
In addition to the proposed windfall profits tax, the Democrats' bill also would have rescinded tax breaks that are expected to save the oil companies $17 billion over the next 10 years. The money would have been used to provide tax incentives for producers of wind, solar and other alternative energy sources as well as for energy conservation.. intended to wean us off of our addiction to oil.
Even it were to overcome a Senate GOP filibuster -- a longshot at best -- and the House acted, President Bush has made clear he would veto it
we went to war for the oil cartel, and what do we get in turn, higher gas prices, fuck the bush family, they need to be tried for crimes against humanity.
321Xstacy 1 month ago
republicans give government a bad name!
dam republicans!
stopglobalwarming08 2 years ago
republicans are Wack!
stopglobalwarming08 2 years ago
preach on brother.... The price would have stayed @ 4 per gallon if the "evil" oil companies pulled the strings... These people need to take an economics course..
jeffsnyder73 3 years ago
Demand and a weak dollar were the causes of the rising oil. The rest of this is left wing bullspit.
Alaskan20 3 years ago
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wcarlpdrysdale 3 years ago
Look at the first video in my favorites. It is about the rise of oil.
GOOGLE "MEND Writes George Bush"
TheCongoWasRobbed 3 years ago
OPEC oil cartel. That makes it sound very shady.
krazykizza 3 years ago