With Big Oil raking in record profits, House Democrats offered a Motion to Recommit to the House Republican short-term spending bill this afternoon making a responsible cut to the budget: putting an end to taxpayer-funded subsidies to large oil companies. Repealing these subsidies would save taxpayers tens of billions over the next decade and even ex-Shell CEO John Hofmeister agrees saying “with high oil prices, such subsidies are not necessary.” Rep. William Keating (D-MA) offered the motion on the House floor saying “let’s stop sending taxpayers’ money to the most profitable companies in the world.”
...Republicans voted unanimously against the motion, defeating it by a vote of 176-249.
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