Does anyone - other than Republican politicians - favor continued Big Oil tax breaks?
"Rep. Bill Keating (D-Mass.), who sponsored the oil tax proposal, wondered why taxpayers should be asked "to fork over" billions of dollars in subsidies to some of the most profitable companies on the planet — particularly as funding for law enforcement, medical research and education is on the chopping block."
This puzzles me. Republicans claim we need to cut the deficit. They're willing to slash funding to schools, scientific research, medical research, etc. Yet they're not willing to touch tax breaks on the rich or on big oil companies.
We constantly hear that technologies need to compete in the free market without subsidies. Yet Republicans are apparently unwilling to eliminate subsidies to Big Oil.
Does anybody support the Republican decision to continue pumping billions of dollars of subsidies toward the massively profitable oil giants?