Wednesday, April 13, 2011

Nice Job Reid, What About Ethanol Mandates

Republican from Wisconsin Takes On Oil Subsidies | Gather:

"Reid Ribble is a freshman congressman from Wisconsin and is a member of the budget committee in the House of Representatives. Rep. Ribble is taking a path not tread by Republicans because it is usually against their interest. Mr. Ribble thinks oil companies should no longer receive oil subsidies from the U.S. government.

Currently oil companies get about $4 billion a year as tax breaks. During the State of the Union address, President Obama asked congress to stop providing oil companies with subsidies in light of record profits. For example, ExxonMobil recorded $31 billion in profits last year. Democrats also introduced a repeal of the subsidy connected to a continuing budget resolution but the Republicans."

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