Wednesday, May 18, 2011

Senate keeps tax breaks for the world's most profitable companies

Today our sorry excuse for a legislative body, the US Senate, blocked a bill to repeal $2 billion in tax cuts for Big Oil corporations. This move is despite an analysis, mentioned in the article, indicating that the move would not raise prices at the gas pump. It's also despite the fact that the GOP especially is insisting that we need massive budget cuts and is totally fine with doing that on the backs of the poor and middle class.

Yeah, guess which party blocked the bill? They can't let their hugely profitable corporate buddies bear any costs, but screwing over most of the actual citizens of our country is fine. Welcome to the GOP.

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