Oil companies currently receive a 4 billion dollar tax break. Exxon just, on April 29, 2011, reported a 10 billion dollar profit this year alone! This is on top of year after year of multi-billion dollar profits. Exxon is joined by the other oil companies who also have huge multi-billion dollar profits, year after year. At the same time, our country is in a crisis because of the budget deficit nearing its legal limit. Does it take a rocket scientist to get the point that we should repeal the tax breaks for these companies!!!
Showing posts with label Taxes Budget Deficit Republican "Tea Barty" Deficit Taxes Expenditures Extensiopn President Election Politics "Balanced Budget" "Constitutional Amendment". Show all posts
Showing posts with label Taxes Budget Deficit Republican "Tea Barty" Deficit Taxes Expenditures Extensiopn President Election Politics "Balanced Budget" "Constitutional Amendment". Show all posts
Friday, April 29, 2011
Repeal Tax Breaks for Oil Companies
Oil companies currently receive a 4 billion dollar tax break. Exxon just, on April 29, 2011, reported a 10 billion dollar profit this year alone! This is on top of year after year of multi-billion dollar profits. Exxon is joined by the other oil companies who also have huge multi-billion dollar profits, year after year. At the same time, our country is in a crisis because of the budget deficit nearing its legal limit. Does it take a rocket scientist to get the point that we should repeal the tax breaks for these companies!!!
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