3 Responses to GOP Voting For House Budget’s Big Oil Giveaway Receive $38 Million In Oil Cash
By a vote of 221-207, Republicans passed Rep. Paul Ryan’s (R-WI) budget for the third consecutive year. The House Republican budget slashes funding for poverty programs and dramatically transforms Medicare for seniors, all while it grants tax breaks to special interests like Big Oil.
Ryan’s budget could mean a $2.3 billion additional tax break for the five biggest oil companies, according to a Center for American Progress analysis. Republicans would still maintain the industry’s $4 billion annual tax breaks at the same time they slash research and investment in clean energy.
According to data from the Center for Responsive Politics, Republicans who voted for Ryan’s budget have received more than $38 million from oil and gas over their careers. On average, the “yeas” received over four times the career oil cash as the “nays”:
221 Yeas (221 Republicans) – $38,056,766 207 Nays (197 Democrats and 10 Republicans) – $7,830,295
The 221 members who voted yes received more than $12,400,000 in the 2012 cycle alone, compared to nearly $2 million for the no votes. The vote makes the 113th Congress no different from the 112th, when House members voting for a polluter energy package received $38.6 million.
Big Oil hardly needs the help from taxpayers. While consumers faced record gas prices in 2012, the oil industry earned an outstanding $118 billion profit (and a trillion dollars over a decade).