12 May '11, 1pm

The facts of Big Oil's tax loopholes and windfall profits

Americans eager to reduce the mammoth federal debt that threatens our economy’s long-term prosperity overwhelmingly support ridding the tax code of these unnecessary subsidies. As Seth Hanlon, Director of Fiscal Reform, and Michael Ettlinger, Vice President for Economic Policy at the Center for American Progress, explain , tax breaks for oil companies and other superfluous “spending in the tax expenditure budget is fertile ground for deficit reduction.” But on May 5, Republicans unanimously voted down a Democratic attempt to put forward legislation that would end subsidies to oil companies. Seven Democrats also opposed the measure.

Full article: http://climateprogress.org/2011/05/12/the-facts-of-big-oi...

Tweets

Senate Holds Hearing on Big Oil Tax Breaks

Senate Holds Hearing on Big Oil Tax Breaks

triplepundit.com 13 May '11, 10am

One argument heard often from the sustainability community, in favor of further taxing big oil has little to do with profi...

Big Oil

switchboard.nrdc.org 12 May '11, 1pm

12:00 Taking a brief break, be back soon. 11:55 Wonder when any one of these guys last pumped gas? Rockefeller (D-WV), to ...

Get the facts about exer-gaming

Get the facts about exer-gaming

mnn.com 12 May '11, 2pm

Absolutely. In terms of calories burned, playing active video games is comparable to mild to moderate physical activity (l...

Americans to Big Oil: We’ve got your number

Americans to Big Oil: We’ve got your number

grist.org 12 May '11, 6pm

Americans eager to reduce the mammoth federal debt that threatens our economy's long-term prosperity overwhelmingly suppor...

Repealing tax breaks for oil companies is NOT a...

climateprogress.org 16 May '11, 2pm

The fact that tax expenditures are government spending is widely recognized by conservative economists and politicians. Pr...

Congressional Research Service confirms closing...

climateprogress.org 13 May '11, 2pm

Congressional Research Service confirms closing tax loopholes won’t affect gasoline prices May 13, 2011 In the he-said, sh...

Senate Holds Hearing on Big Oil Tax Breaks: By ...

triplepundit.com 14 May '11, 3pm

Because the oil industry has been around so long, it has effectively integrated many of its subsidies into other forms. Fo...

Shill, Baby, Shill: Big Oil Still Getting Big T...

treehugger.com 06 May '11, 6pm

Photo credit: tsuda via Flickr/Creative Commons Yesterday I watched the U.S. House of Representatives shill for Big Oil ag...

Will Congress finally end government handouts f...

grist.org 17 May '11, 9pm

Will Congress finally end government handouts for Big Oil? Cross-posted from the Center for American Progress . The Senate...

Ending Big Oil’s tax holiday

climateprogress.org 17 May '11, 1pm

Ending Big Oil’s tax holiday May 17, 2011 Daniel J. Weiss and Kate Gordon in a CAP cross-post . The Senate plans to vote t...

Exxon pays a lower effective tax rate than you*

climateprogress.org 11 May '11, 1pm

I checked the numbers against ExxonMobil’s 10-K. First, they included U.S. taxes on non-U.S. operations in 2010, but not i...

Shill, Baby, Shill: Big Oil Still Getting Big T...

treehugger.com 06 May '11, 6pm

Photo credit: tsuda via Flickr/Creative Commons Yesterday I watched the U.S. House of Representatives shill for Big Oil ag...

Big Oil visits the stock market with your money

Big Oil visits the stock market with your money

climateprogress.org 08 May '11, 12pm

Big Oil visits the stock market with your money Big oil companies use Q1 profits to drive up their share prices May 8, 201...