Democratic bill to end oil subsidies defeated in the Senate
May 17th, 2011
08:39 PM ET
4 years ago

Democratic bill to end oil subsidies defeated in the Senate

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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Filed under: Democrats • Senate
soundoff (27 Responses)
  1. Marie MD

    Middle class wake up. The party of hell no is only after their own interests. When the subsidies started oil was at a low price and the companies needed help.
    Now we are the ones being screwed while the big corporations (who give money to congress thanks to the old farts on the sotus) pay nothing.
    Thanks to all you bozos who voted for the rethugs in 2010.

    May 18, 2011 06:24 am at 6:24 am |
  2. Stephanie Palmer

    I fail to understand why Congress invariably votes down anything that would benefit actual living people. So many of them vote only in favor of big business with nothing to make the lives of the people reasonable. Then they throw in abortion issues just to mollify the Tea Party, like they're some kind of wonderful religious people. But one of their ideas is to decimate funds for WIC, and decrease Medicaid funds. Does that make sense to anyone? What goes on with the voters who either sit home or vote against their best interests? In the future they will be controlling who can vote through their idea about a national id card – which will be difficult to get because the states will make sure that the registration desks will be far away from centers of population. What a country.

    May 18, 2011 07:30 am at 7:30 am |
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