Why Do Republicans Refuse To End Tax Breaks For Big Oil Companies?
Republicans said no way Mr. Democrat; oil companies
need tax breaks. ($3.9 billion/year)
Oil companies are charging the consumer as much as
the consumer can bear regardless of any tax break that
oil companies receive from the IRS. The tax break does nothing.
The only thing holding down oil prices is the competition
by electricity and natural gas. Tax breaks for oil companies
do nothing for you the consumer.
America is the third largest oil producer in the world at this time.
Much of it is sold and exported to nations overseas.
Our large oil production does not keep costs down for us (as you
have all noticed at the pump and when heating your home).
Instead it is simply sold to the highest bidder anywhere in the world.
So why do republicans insist on giving oil companies tax breaks
when the average American has NO benefit from it?