18 May '11, 12pm

Chamber rails against “punitive” cuts to Big Oil, demands punitive cuts for working families, elderly #youcut #p2

Chamber rails against “punitive” cuts to Big Oil, demands punitive cuts for working families, elderly #youcut #p2

TO THE MEMBERS OF THE UNITED STATES SENATE: The U.S. Chamber of Commerce, the world’s largest business federation representing the interests of more than three million businesses and organizations of every size, sector, and region, strongly opposes S. 940, the “Close Big Oil Tax Loopholes Act,” because levying new taxes and fees on America’s oil and gas industry would increase U.S. dependence on foreign oil, increase costs to consumers, jeopardize U.S. jobs, and erode economic competitiveness. Taxes, new fees, and other attempts to restrict domestic energy production have been proven to increase reliance on imported energy and to increase costs for consumers. The lack of more robust domestic energy production is a failure of Congress and the Administration. Legislation intended to punish energy companies for the government’s failure is misguided, unwarranted, and ultimatel...

Full article: http://climateprogress.org/2011/05/18/big-oil-chamber-sub...

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