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Senator Menendez on Floor Discussing Repeal Big Oil Tax Subsidies Act

SenatorMenendezNJ SenatorMenendezNJ·553 videos
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Published on Mar 26, 2012

The United States Senate tonight voted overwhelmingly to allow debate on Senator Menendez's Repeal Big Oil Tax Subsidies Act, which would end taxpayer-funded loopholes to the five largest, most profitable oil companies in the world (Big 5) and use those savings to extend for one year expiring energy tax provisions and reduce the deficit.

"This debate is pretty simple. It's about whose side you're on. You're either on the side of Big Oil companies making record profits, or you're on the side of middle class American families who can't afford the price at the pump -- let alone afford to chip in billions of dollars more to make oil profits even higher," said Menendez. "We know whose side Big Oil is on when they take $24 billion in taxpayer money and actually produce less oil, not more, leaving families with higher gas prices while they continue to make record profits."

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  • crTube09

    This is a no-brainer, unless of course, you are accepting campaign contributions from the the Big 5. Then you must vote against this Act. So let's note exactly which senators side with the US citizens and which would rather support the Big 5 Oil companies tax subsidy. Can we get info on their campaign contributors?

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