"It is a tragedy of the first proportion that a private corporation can be subjected to what I would characterize as a shakedown, in this case a $20 billion shakedown."
Rep. Joe Barton (R-TX)
image via Gawker
...Also, via Cesca
The Senate voted to preserve corporate welfare for Big Oil yesterday.
Yesterday, the Senate voted down an amendment to its tax extenders bill, proposed by Sen. Bernie Sanders (I-VT), that would have cut $35 billion in tax subsidies to Big Oil companies, redirecting $25 billion to reduce the deficit and $10 billion to energy-efficiency grants. The vote was 35-61.In other words, 61 senators voted to preserve $35 billion in corporate welfare for oil companies. That includes 21 Democrats, by the way.
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