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Boehner: Don’t Cut Oil Subsidies

By Brad Johnson  

"Boehner: Don’t Cut Oil Subsidies"

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House Speaker John Boehner defended the $40 billion in subsidies for big oil after Obama’s speech yesterday, citing an outdated March 2011 Congressional Research Service report to claim gas prices would go up if big oil’s tax breaks go down. “The office of the House speaker, John A. Boehner, sent an e-mail to reporters citing an analysis by the Congressional Research Service last March that found that ending the subsidies could make oil and natural gas more expensive,” the New York Times reports. But a later report in May 2011 found “there is little reason to believe that the price of oil, or gasoline, consumers face will increase” from an end to subsidies. Boehner supports policies that would increase gas prices for Americans while boosting Big Oil profits, like the Keystone XL pipeline.

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