Washington (CNN) - On a mostly party-line vote, the Senate on Tuesday defeated a Democratic measure to strip major oil companies of about $20 billion in tax subsidies over the next 10 years and use the savings to pay down the deficit.
Three Democrats and two Republicans crossed sides in the 52-48 vote, preventing the bill from reaching a required 60-vote threshold for passage.
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And THIS is the result of the people people of the US saying they have had ENOUGH of Obamanomics.
How can our leaders justify taxpayer subsidies to oil companies that are reporting 40-50% profits? It's insane! Corporations don't just have rights that equal citizenship. They enjoy all the privileges that their money can buy! Shamelessly, our leaders don't even pretend to represent the people anymore. We have a government of the corporations, by the corporations, and for the full-benefit of the corporations.
ok once again going against the will of the American people the GOP and some DINOs in the Senate. So hopefully now BIG OIL will start hiring more people with all the profits they are making since they claim they have little to no control over the price at the pump. After they are done paying off the senators of course.
The republicans want to reduce the deficit only on the backs of the poor and working class. They are so full of crap!
They should stop ALL subsidies. Every last one of them.
No surprise there. We all know who the GOP favors.
No problem, now we know who stands for the people, who is serious about the debt, and who is all bluster about debt and forever beholden to their corporate masters.
"Bill to end oil subsidies defeated in Senate".
Let's be realistic here. Cutting from the already poverty stricken social programs, cutting from the elderly, cutting from education, reducing or even eliminating Pell grants for low-income college students, cutting from medicare, is a grand solution to continuing oil subsidies to the already filthy rich. This approach has sealed the decline of our country. The democrats who failed to pass the subsidies oil bill have tipped their hand and told us whose side they are really on. The cat is out of the bag - the constitution says, ' by the people, for the people, of the people'. We, the people, have been totally duped.
Are the super wealthy working on getting rid of all the extra useless people now that they have all of our money?? Think what all of this means to us, our children, our grandchildren.
That right the Republican wouldn't want the Oil Company that make Billions of Dollar In profit to have to give up anything to help with the Budget cut ,hell they can take more from the People who Is just getting by the way It Is now. They won't be happy Until the MIDDLE CLASS ,THE POOR, THE OLD and the disable are no longer around. Just who do you think are going to work for the RICH AND BIG BUSINESS. The are trying to let the Old die off, the Poor to be Homeless and with no food and make the Middle Class Into the Poor. So you IDIOT out don't wake up and get these Republican and Tea party nut case, we won't have anything left. As you can see they refuse to do anything to the Rich and BIG BUSINESS ,except give them more Tax cuts, so all of them can get Richer ,why all of us get to be poorer.
DEMOCRATS control the Senate:)
DEMOCRATS control the Senate:) Notice how CNN will never highlight that little detail for their party
Just proves politicians, on the whole, are in oil's pockets and don't truly give a damn about the deficit or their constituents. Vote them out!
its all about where the jobs are... oil states vote for it rust belt did not..
Yes Big Oil is an easy target, because of massive revenues. So is Google, Wal-Mart, etc., but lawmakers should not be penalizing profitable companies an a discriminating fashion. That is called Communism. Want real deficit solutions? Make everyone pay Social Security on ALL of their income – most people have to – so why shouldn't everyone? Want to trim another $1.3 trillion a year? Do away with ALL tax deductions. Yes, that includes your mortgage deduction, child care credits, corporate shell games, etc. Again, fair is fair – make the playing field level. It's real simple, just a math problem. Pay all of your taxes and special interest groups are eliminated, the tax code is fair for all, our deficit is eliminated in 10 years, the social programs are solvent, and lawmakers would have their political toys removed from them, ensuring that we never end up in this situation again.
Need any more proof that the burden is ONLY on the backs of the middle class and the poor?
Why would the Republicans vote against the middle class in so obvious a way that they can have no rational explanation?
Republicans are such hypocrites when they won't vote to end subsidies for the wealthiest oil corporations making billions in profits. Until these subsidies are ended how can these bleating GOP liars jump up and down for only cuts in all programs that help the middle class, the elderly and children. Democrats will keep bringing this up for a vote until these republicans are shamed into ending the subsidies. The Democrats who voted not to end oil subsidies should be run out of office and soon.
Find out who the Democracts were who crossed the party line, vote them out of office and on to 2012!!!
This vote is symbolic of Republican priorities-lot's of rhetoric about deficit cutting but their friends in the Oil and Gas Industry have bought the Republican votes when it comes time for action.
Joe Sortais
Irvine
Now there's a shocker...who in the world could have seen that coming?
Not unexpected, I suppose. So the rich get rich and the poor get poorer. And that's most of us. Outrageous!
There goes the GOP again being true to their game plan, were spending to much we need to cut the deficit we need to umm hold on a min what another "donation" from exxon, and BP. Thank you sorry for the delay and all of us have to do our part thank you and send your donation to blah blah blah. You are who you are.
What are they thinking take from the poor and give to the rich?
Does everyone understand we are paying interest on those Billions.
again-find out who big oil owns and get them out of office. the vote proves some bribes (sorry,donations) wink- wink changed hands.to hell with the people-lawmakers have empty pockets!!! the only thing the trash in washington havent said to the people out right is -wait for it--LET THEM EAT CAKE--!