House GOP votes unanimously to protect big oil subsidies
Rep. William Keating (D-MA) offered the motion on the House floor saying “let’s stop sending taxpayers’ money to the most profitable companies in the world.”
…Republicans voted unanimously against the motion, defeating it by a vote of 176-249.
And the results of this new NBC/WSJ poll
The survey — which was conducted Feb. 24-28 of 1,000 adults (200 reached by cell phone), and which has an overall margin of error of plus-minus 3.1 percentage points — also listed 26 different ways to reduce the federal budget deficit.
The most popular: placing a surtax on federal income taxes for those who make more than $1 million per year (81 percent said that was acceptable), eliminating spending on earmarks (78 percent), eliminating funding for weapons systems the Defense Department says aren’t necessary (76 percent) and eliminating tax credits for the oil and gas industries (74 percent).
The least popular: cutting funding for Medicaid, the federal government health-care program for the poor (32 percent said that was acceptable); cutting funding for Medicare, the federal government health-care program for seniors (23 percent); cutting funding for K-12 education (22 percent); and cutting funding for Social Security (22 percent).
It’s simple, if we tax our oil baron billionaires, they will simply have to charge more for the petroleum products they produce. It’s better if we let them keep all the money they have earned all on their own and by the sweat of their noble brows.