Oil Subsidies: Are Politicians Thinking About The People Or Themselves?


On Thursday, once again Obama tried to push a vote for slashing the tax subsidies in the oil and gas industry, and once again the Republicans just laughed at him as they threw it out.Obama is under pressure in this election year to control the surging gas prices, and hoped that his vote to reduce oil subsidies would help. He stated that, “the biggest oil companies are raking in record profits — profits that go up every time folks pull into a gas station,” and “on top of these record profits, oil companies are also getting…

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