Last month, Speaker Boehner said he was open to ending taxpayer subsidies for Big Oil saying “they ought to be paying their fair share.” Today, he said rolling back the billions in taxpayer dollars Big Oil is siphoning away from our effort to reduce the deficit should only happen if Big Oil gets a huge tax cut.
From The Hill – Boehner: Scrap oil subsidies only in broader corporate tax cut:
Speaker John Boehner (R-Ohio) sought to clarify his stance on ending subsidies for oil companies, saying the change should be considered only as part of a broader effort to reduce the corporate tax rate.
The Speaker last month signaled he was open to eliminating certain oil tax breaks, but his office walked that statement back, and on Thursday he criticized a bill offered by Senate Democrats to scrap the subsidies and use the revenue for deficit reduction…
On Thursday, he said that scrapping those and other breaks could be considered as a way of paying for lowering the corporate rate, which Republicans have long pushed for.
So let’s get this straight. At a time when Congressional Republicans are proudly voting to end Medicare as we know it, Mr. Boehner says Big Oil, an industry that has reaped $900 billion in profits over the last decade – with another $36 billion in profits just this quarter, should only lose taxpayer subsidies if they get a huge tax cut. Talk about music to the ears of the Big Oil executives on Capitol Hill today!
Perhaps referencing a dictionary is in order:
Adverb: Without cheating or trying to achieve unjust advantage: “he played fair”.
Adjective: In accordance with the rules or standards; legitimate
Verb: Have a portion of (something) with another or others: “he shared the pie with her”.
Noun: A part of a larger amount that is divided among a number of people, or to which a number of people contribute.