Thursday, the House of Representatives, voting 241 to 171 , blocked a Democrat sponsored amendment that would end at least $30 billion in subsidies to oil companies. The savings would have been used to encourage tax breaks intended to increase jobs. Voting to continue the subsidies, David Phillip Roe, 1st District, Tennessee.
According to the Wall Street Journal, Exxon: “reported a record $40.61 billion profit, and much of the profit was due to the rising value of a barrel of oil,”
“American” oil companies go to extremes to avoid paying taxes to the U.S. treasury. They register oil platforms in foreign countries in order to avoid more stringent safety regulation required under U.S. laws. They offshore corporate offices to avoid taxation and oversight. Then they hire legislators to vote them subsidies from the pockets of U.S. citizens who are less and less able to afford the petroleum and natural gas products they harvest from U.S. owned territories and lease sites.
Thanks to the GOP/teavangelists, we are paying Exxon and other oil companies to deplete national resources while making continually greater profits. A company turning a $40.61 billion profit does not need taxpayer provided subsidies. There must be some reasonable explanation as to why Congress continues to grant subsidies to major oil companies. Surely, our elected officials have the best interests of our citizens in mind and heart. Or have our Congressmen and Congresswomen chosen to ignore those who elected them in order to further the interests of those who will funnel un-accountable dollars into their re-election campaign? Who cares about oil-soaked coastlines, poisoned wells, and missing mountain tops when the oil companies promise your re-election? Certainly not Mr. Roe.
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