Payola for the Most Profitable Corporations in History (and Why Taxpayers Shouldn’t Stand for It Any More)

New York City : NY : USA | Apr 06, 2012 at 2:13 AM PDT

By Stephanie Sklar

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Along with “five-dollar-a-gallon gas,” the energy watchword for the next few months is “subsidies.” Last week, for example, New Jersey Senator Robert Menendez proposed ending some of the billions of dollars in handouts enjoyed by the fossil-fuel industry with a “Repeal Big Oil Tax Subsidies Act.” It was honestly nothing to write home about – a curiously skimpy bill that only targeted oil companies, and just the five richest of them at that. Left out were coal and natural gas, and you won’t be surprised to learn that, even then, it didn’t pass.

Still, President Obama is now calling for an end to oil subsidies at every stop on his early presidential-campaign-plus-fundraising blitz – even at those stops where he’s also promising to “drill everywhere.” And, later this month, Vermont Senator Bernie Sanders will introduce a much more comprehensive bill that tackles all fossil fuels and their purveyors (and has no chance whatsoever of passing this Congress).

You can read the full article here:

http://truth-out.org/opinion/item/8341-payola-for-the-most-profitable-corporations-in-history-and-why-taxpayers-shouldnt-stand-for-it-any-more

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  The pathetic "Repeal Big Oil Tax Subsidies Act."

Stephanie Sklar is based in Silver Spring, Maryland, United States of America, and is an Anchor for Allvoices.

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