ExxonMobil recently became the most profitable Fortune 500 company for the eighth year in a row. So why is the Ryan budget giving $40 million in taxpayer subsidies to the oil industry?
Jon Summers, a top spokesman for Senate Majority Leader Harry Reid (D-Nev.), explains the hypocrisy of the Ryan budget:
“It is ridiculous for Republicans to push a plan to kill Medicare while trying to defend taxpayer handouts to big oil companies that are making record profits. They don’t need the money. If Republicans are serious about cutting spending, they’ll support our plan to eliminate welfare for Big Oil so we can apply that money toward the deficit.”
And guess what? The average American pays more in income taxes than ExxonMobil.
The United States and our allies have agreed to extend talks with Iran over the future of their nuclear program....I plan to continue to lead the effort in the Senate to support the negotiations and urge my colleagues to resist efforts to pass new sanctions …
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