23 Apr '12, 12am

Obama vs Romney on Energy (Chart): Filed under: Energy News

Obama vs Romney on Energy (Chart): Filed under: Energy News

Romney’s plan cuts the corporate tax rate from 35 percent to 25 percent, but does not make specific mention of oil and gas loopholes which let oil companies pay much lower effective federal rates. [Mitt Romney.com, 2011 ] Romney has blasted Obama for wanting to close these loopholes for the industry, saying the president is increasing taxes. [MittRomney.com, 3/4/12 ] Asked directly in an interview about whether he is for or against subsidizing Big Oil, Romney responded: “I’m not sure precisely what big tax breaks we’re talking about.” [Fox News, 4/3/2012 ] Romney supports the House Republican budget, which preserves the $40 billion in subsidies for the oil and gas industry. [Center for American Progress, 3/20/12 ]

Full article: http://cleantechnica.com/2012/04/22/obama-vs-romney-on-en...

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