Tweet
Obama, attempting to hide a crippling six year recession his policies has caused, scapegoated the hard working Oil Industry but attempting to end the Tax Penality reduction the Oil Industry currently enjoys.
Wrong Mr President, American consider no price to steep for FREEDOM. And that is what oil is; pure liquid FREEDOM. That's why God put it is such American places as the Middle East.
Spoken like a TRUE American. If taxes go up, the Oil Companies will be FORCED by the Statest LOOTERS to raise their gasoline prices even higher and cutback jobs. All Obama is doing is punishing success by removing the subsidy.
And you know who else removed corporate subsidies.
President Barack Obama on Thursday pressed Congress to repeal billions of dollars in tax breaks for oil companies that are pulling down record profits, arguing that Americans hit with soaring gas prices should not also have to prop up firms that can easily "stand on their own."
"It's like hitting the American people twice. You're already paying a premium at the pump right now. And on top of that, Congress up until this point has thought it's a good idea to send billions more of your tax dollars to the oil industry," Obama said in the White House Rose Garden.
"It's like hitting the American people twice. You're already paying a premium at the pump right now. And on top of that, Congress up until this point has thought it's a good idea to send billions more of your tax dollars to the oil industry," Obama said in the White House Rose Garden.
Republican Senate Minority Leader Mitch McConnell mocked what he derisively referred to as the Democratic majority's "brilliant plan on how to deal with gas prices: raise taxes on energy companies, when gas is already hovering around $4 a gallon. Then block consideration of anything else—just to make sure gas prices don't go anywhere but up."
And you know who else removed corporate subsidies.