Upload

Loading...

April 28, 2011: Markey: What's Good for Big Oil Isn't Always Good for America

38 views

Loading...

Loading...

Transcript

The interactive transcript could not be loaded.

Loading...

Loading...

Rating is available when the video has been rented.
This feature is not available right now. Please try again later.
Uploaded on Apr 28, 2011

"In just the first 3 months of the year, Exxon has earned more profits than all of the tax breaks given to the major oil companies in an entire year," said Rep. Markey. "There is absolutely no reason to continue to subsidize the most profitable companies in the history of the world. What is good for the biggest oil companies isn't always what's good for American taxpayers. The American people are getting tipped upside down at the pump, then asked to fork over whatever change they have left to subsidize these oil behemoths."

"Speaker Boehner must bring legislation to the floor next week that will cut these tax breaks once and for all," said Rep. Markey. "As Big Oil is reaching into one pocket of consumers at the pump, they are reaching into the other pocket through the tax code. At $112 dollars a barrel, the biggest oil companies don't need 100 year-old tax breaks to potentially make more than $100 billion in profits this year alone."
Read more: http://markey.house.gov/index.php?opt...

Loading...

When autoplay is enabled, a suggested video will automatically play next.

Up Next


Sign in to add this to Watch Later

Add to