18 Oct '11, 7pm

35 Congressmen Move to Kill $122 Billion in Subsidies to Big Oil

35 Congressmen Move to Kill $122 Billion in Subsidies to Big Oil

Photo credit: EricaJoy via Flickr/CC BY Who likes oil subsidies? Nobody! Nobody but the oil companies, that is. But as we know, these subsidies, which American taxpayers annually spend billions of dollars on, are extremely difficult to kill . But 35 US congressmen and women are going to try: They've just drafted a motion to the so-called 'super committee' charged with reducing the deficit, asking it to remove $122 billion worth of oil subsidies from the federal budget. The coalition drafted a letter to the committee chairs Rep. Jeb Hensarling (R-TX) and Sen. Patty Murray (D-WA). From the letter (via Think Progress Green ): In the current budgetary environment, the United States can no longer afford to give away billions of dollars every year to corporations earning billions of dollars in profits and costing American taxpayers twice: at the pump and through the tax code. We...

Full article: http://www.treehugger.com/files/2011/10/35_congressmen_ki...

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