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Friday, May 13, 2011

Democrats Seek to Strip $21 Billion in Subsidies from Big Oil

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... But it's all about politics. The New York Times reported earlier this week that Democrats thought they'd found a strategy to peel away some of the oil subsidies that the federal government annually doles out to some of the world's most profitable companies. That strategy was, simply, to propose the funds be used instead to ease the federal deficit. If the GOP is so concerned about cutting spending and balancing the budget, surely they'd support reallocating the handouts to Big Oil and using the funds to help balance the budget?
Article continues: Democrats Seek to Strip $21 Billion in Subsidies from Big Oil

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