Big Oil Subsidies

In light of the SuperCommittee’s interest in balancing the budget: Over the last decade, the five largest oil companies received $21 billion in taxpayer-funded subsidies, despite the fact that they raked in $1 trillion in profits and are projected to make $144 billion more this year. – – Senator Ben Cardin from Maryland, my Senator.

Big Oil argues that cutting their tax breaks would raise gas prices, but that simply isn

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