Tumblr Icon RSS Icon

VIDEO: GOP Carries Water For Big Oil CEOs

By Jeff Spross on May 18, 2011 at 3:00 pm

"VIDEO: GOP Carries Water For Big Oil CEOs"


google plus icon

Yesterday, Republicans reaffirmed their commitment to preserving the subsidies enjoyed by Big Oil even as these companies raked in over $30 billion in profits in just the first three months of 2011. Despite gaining a majority of votes, a bill that would have eliminating the subsidies could not gain the necessary 60 votes yesterday to break a filibuster. 44 Republicans were joined by three Democrats and one Independent in voting against it.

Yesterday was the third failed attempt to end Big Oil’s tax breaks this year. It followed a May 12 hearing of the Senate Finance Committee, in which the top Republican on the committee — Sen. Orrin Hatch (R-UT) — played a tag-team defense of the subsidies with Big Oil’s major CEOs, employing talking points echoed by the oil execs. Watch it:

Rep. Allen West Accuses Wavering GOP Leadership Of Lacking ‘Moral Courage’ If Ryan Plan Is Dropped

Limbaugh Claims ‘Nation’s Creditworthiness Would Go Up’ If The Debt Ceiling Isn’t Raised

By clicking and submitting a comment I acknowledge the ThinkProgress Privacy Policy and agree to the ThinkProgress Terms of Use. I understand that my comments are also being governed by Facebook, Yahoo, AOL, or Hotmail’s Terms of Use and Privacy Policies as applicable, which can be found here.