Do you really think that someone represents you in congress — someone in the senate or the house of representatives? Since I don’t think that any of my readers are in the upper 1%, I would say that if you think that you have someone, you are very naive — particularly if you have elected republican senators.
On March 29, President Obama proposed that we eliminate the tax breaks for large oil corporations. This is something that has had widespread support by people of all political persuasions. Certainly with the huge profits that large oil corporations are making, this shouldn’t be an issue.
Well, I guess it is. In the final vote every Republican except for Senator Susan Collins of Maine as well as Senator Olympia Snowe of Maine voted against the repeal.
Four democrats also voted against the repeal. They were Mary Landrieu of Louisiana, Ben Nelson of Nebraska, Mark Begich of Alaska and Jim Webb of Virginia.
The 47 senators who voted against the repeal have received $23,582,500 in career contributions from the oil and gas lobby. The senators voting to repeal have received a total of $5,873,600.
The GOP once more showed who they represented. It wasn’t their constituents. The Democrats are far from angels and they seem pretty spineless to me, but I can’t see how a state can throw away their representation by voting to have a Republican represent them in congress. It hurts the state and hurts the country.
There were some odd comments that came out of all this. For example, Senator Rand Paul of Kentucky suggested that instead of punishing the oil companies we should encourage them to make “even more money”. Well, that is OK but why is it that we are subsidizing them? Why are they getting a special break on taxes. We are subsidizing them to the tune of $24 billion.
Senator Kyl of Arizona claimed that the ending of the tax breaks would be “discriminatory”. Now that it an interesting use of the word!
The major US oil companies are some of the most profitable corporations in the world. Last year, their profits were $137 billion dollars. Exxon, being the most profitable paid at a 13% tax rate.
Actually, the vote was 51-47 in favor of repealing the oil tax break but that wasn’t enough. It appears that for the senate to do anything, it takes a majority of 60 votes. Makes no sense to me.