For Immediate Release

Contact: 

Michael Briggs (202) 224-5141

Senator Bernie Sanders

Sanders Statement on Senate Vote on Oil Tax Breaks

WASHINGTON - Sen. Bernie Sanders (I-Vt.), a member of the Senate energy committee, issued the following statement today after the Senate blocked a bill to rescind $2 billion in annual taxpayer handouts  to the five biggest U.S. oil companies:

“I voted to end oil company subsidies because we have a $14 trillion national debt, because some of the most profitable corporations in the history of the world don’t need tax breaks, because some oil companies pay no federal income taxes, and because we desperately need to end our dependence on fossil fuels.

“Congress cannot balance the budget on the backs of middle-class working families without asking the wealthiest Americans and the most profitable corporations for shared sacrifice.”

Sanders last year called for the repeal of $35 billion in oil and gas industry tax breaks over the next decade. His proposal would have devoted $25 billion to deficit reduction and put $10 billion over 10 years into an Energy Efficiency Conservation Block Grant Program.  The vote last June 15 on Sanders' amendment was 35 to 61. At that time, 22 Democrats bucked the wishes of the White House and voted against the repeal.

###

We know things are bad. We know it's worth the fight.

You are part of a strong and vibrant community of thinkers and doers who believe another world is possible. Alone we are weak. Together we can make a difference. At Common Dreams, we don't look away from the world—we are not afraid—our mission is to document those doing wrong and galvanize those doing good. But we can't do it alone. It doesn't work that way. We need you. We have now launched our annual Summer Campaign. Can you pitch in today?

 

Share This Article

More in: