26 Apr '11, 4pm
For Approximately 12 Hours, Speaker John Boehner Supports Ending Oil Subsidies: Just a few ... th.bp #green #USRC
John Boehner is running from his own suggestion yesterday that major oil companies no longer need some tax breaks. Oil companies are "gonna pay their fair share in taxes and they should," Boehner told ABC News last night. "Listen, everybody ... wants to go after the oil companies. And frankly, they've got some part of this to blame." Boehner also named a specific tax provision - the oil depletion allowance - that he didn't think oil majors needed. But speaker spokesman Michael Steel later tried to recast his boss' remarks: "The speaker made clear in the interview that raising taxes was a nonstarter, and he's told the president that," Steel said. "He simply wasn't going to take the bait and fall into the trap of defending 'Big Oil' companies."