From The Hill:
EXCERPT: “The Senate on Tuesday rejected a bill that would have ended $21 billion worth of tax breaks for large oil companies, but Democrats vowed to revive the measure as part of high-stakes negotiations on the budget and debt ceiling.
Democrats’ pledge to continue pushing the bill signals that they view the effort as a winning political issue amid $4-a-gallon gas, soaring oil company profits and growing concern about the deficit.
A procedural motion necessary for the bill to move forward failed in a 52-48 vote. The motion required 60 votes for passage.
Two Republicans — Maine Sens. Olympia Snowe and Susan Collins — voted for the motion, while three Democrats — Sens. Mary Landrieu (La.), Ben Nelson (Neb.) and Mark Begich (Alaska) — broke ranks and voted against the motion.
The legislation would eliminate a slew of tax breaks for the five largest oil companies: Exxon Mobil, Shell, BP, ConocoPhillips and Chevron.
5 OIL COMPANIES, 3 DEMOCRATIC SENATORS:
5 Major OIL companies received record breaking profits, and the vote to end oil subsidies and begin taxing these companies FAILED to pass!
From 3 Chics commenter Gene Robke:
“Please spread the word in the media about the vote to end subsidies for big oil. The American public will not like the results.
Please tell how the 48 that voted against ending the subsidies received $21 million in career donations for big oil, and those 52 who voted for ending subsidies received $5.4 million.”
Your thoughts, 3 Chics peeps?