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Webb: I Voted For Big Oil Tax Breaks Because I Dislike Renewable Tax Credits

By Brad Johnson  

"Webb: I Voted For Big Oil Tax Breaks Because I Dislike Renewable Tax Credits"

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Sen. Jim Webb (D-VA) was one of four Democratic senators who joined Republicans to filibuster legislation that would end $24 billion in tax breaks for the big five oil companies and extend industry-sustaining tax credits for wind power. Webb explained that he voted to increase Big Oil’s record profits on rising gasoline costs because he opposes government investment in clean energy technology. “My vote today was based largely on concerns over extending tax credits for a number of renewable technologies,” Webb said. “Government should avoid picking winners and losers, and should allow the marketplace to work.”

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