Issue June 10, 2010 – http://sanders.senate.gov
STOP BIG OIL RIP-OFFS
BP posted $5.6 billion in first-quarter profits. Exxon Mobil, the world’s most profitable corporation, paid no federal income taxes for 2009 and – guess what? – received a $156 million IRS refund. Enough is enough! Oil industry tax breaks that Bernie called “obscene” would be repealed by an amendment he filed Wednesday. Outlining the proposal in a floor speech, he said it would begin to transform our energy system away from dirty and dangerous fossil fuels by investing $10 billion in energy efficiency and sustainable energy, and cut the deficit by $25 billion. Another bill Bernie filed in the wake of the BP oil disaster would ban offshore ocean drilling and make cars get far better gas mileage. “Sanders gets it,” Katrina vanden Heuvel wrote for The Nation.