Wednesday, March 21, 2012

Hey! Guess who still gets mega tax breaks under the GOP budget plan? BIG OIL

by Eclectablog     Tue Mar 20,2012

It's good to be the king

 Not only is Paul Ryan's "Path to Poverty" budget going to give rich people tax breaks and cut benefits to Medicare, Medicaid and Social Security while maintaining current levels of military spending, it does something else, too. The GOP budget preserves massive subsidies to Big Oil companies while cutting investments in renewable energy.


[I]t appears that House Budget Committee Chairman Paul Ryan’s (R-WI) proposed FY 2013 budget resolution would retain a decade’s worth of oil tax breaks worth $40 billion. And his budget would cut billions of dollars from investments to develop alternative fuels and clean energy technologies that would serve as substitutes for oil and help protect middle-class families from volatile energy prices as well as create jobs. In short, the Ryan budget compounds the cost of high oil and gasoline prices on the middle class.

That's today's GOP, a wholly-owned subsidiary of Big Oil.

Bought. And. Paid. For.