Friday, March 30, 2012

Now when are they going to get serious?.......

Aren't gas prices sky rocketing fast enough for these multimillionaires?  Oh wait, these guys don't buy gas we do for their Limos.....

Senate rejects Obama demand for end to oil tax breaks - Washington Times
President Obama on Thursday called for Congress to jettison $4 billion in annual subsidies to oil and gas companies, but minutes later the Senate blocked just such a proposal.

The 51-47 vote, which fell nine shy of the 60 needed to advance in the Senate, likely shelves the plan for this year, but gives both parties a political issue heading into November’s elections.

Mr. Obama, in a Rose Garden speech, said the oil subsidies should be cut so the money can be put into his priorities.

“We should be using that money to double down on clean-energy technologies that have never been more promising,” Mr. Obama said. “That’s the future. That’s the only way we’re going to break this cycle of high gas prices year after year after year.”

Republicans, though, said eliminating the subsidies amounts to a tax increase on oil and gas companies, which they will pass on to consumers in the form of higher prices.

“President Obama will say and do anything it takes to get reelected

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