Landrieu, Begich Defend Big Oil Subsidies

By: Thursday May 12, 2011 6:19 am

Tax subsidies for Big Oil are giveaways to companies that make huge profits. The amount of subsidies that Democrats want to claw back over ten years represent 60% of what Big Oil made last quarter. Oil is traded on a global market, and the Congressional Research Service confirmed that eliminating the subsidies would have virtually [...]

Republicans Trapped on Oil Company Tax Subsidies

By: Friday April 29, 2011 8:10 am

In addition to speculation, the other big issue on which Democrats are trying to capitalize with respect to gas prices are the huge subsidies to oil companies, which cost taxpayers about $4 billion a year. These are the same companies making so much money that they have begun to apologize for it. Earlier in the [...]

Democrats Seize on Boehner’s Hedge on Big Oil Tax Breaks

By: Tuesday April 26, 2011 11:25 am

John Boehner’s hedge on oil industry tax breaks had a little less to it than meets the eye. If you look at the transcript, that will become clear. He laments that everybody wants to go after the oil companies, but there’s a limited supply around the world so what can you do. Then it comes [...]

Lew Previews Obama Budget Cuts

By: Monday February 7, 2011 9:08 am

OMB Director Jack Lew offered a preview of the Obama Administration budget for fiscal year 2012, which highlights small, unimportant trims to the budget in an effort to tease out Republican aims. Lew rightly highlights two large tax cuts and the recession as the culprit for the deficits the nation faces in the long term; [...]

Business Working the Refs Works – White House Policies Tailored to Their Desires

By: Friday July 9, 2010 8:30 am

You know the phrase “the squeaky wheel gets the grease,” right? Well, some wheels are squeakier than others. When labor and progressive groups show their displeasure with the White House, they are told that they need to stay in the fold. When business has their fee-fees hurt, the White House leaps into action to reassure [...]

Wall Street Hearts Charter Schools, Gets Rich Off Them

By: Monday May 10, 2010 1:50 pm

This is an interesting article about the intersection of charter schools and hedge fund managers: Wall Street has always put its money where its interests and beliefs lie. But it is far less common that so many financial heavyweights would adopt a social cause like charter schools and advance it with a laserlike focus in [...]

Corporations Appeal To Make Tax-Deductible Subsidies Permanent

By: Tuesday March 30, 2010 12:29 pm

Upton Sinclair once said that “It is difficult to get a man to understand something when his job depends on not understanding it.” It is similarly difficult to get the mass public to understand something when the job of the biggest and powerful interests depends on not having them understand it. Case in point: this [...]

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