Once again congress is "considering" eliminating the huge tax breaks the big oil companies get, and once again it is destined not to happen. Big "oil" companies are really big "fuel" companies, but, we choose to call them "oil" companies. So be it. By any name, a rose....
Companies like Chevron, Exxon-Mobile, and Conoco-Philips receive huge tax breaks because they give large amounts of money to the politicians who vote for them - it could be called "bribery"...
The five biggest U.S. fuel companies combined make upwards of two hundred billion in profit each year, and they pay billions less in federal taxes than other companies of somilar size do, and indeed, overall, including subsidies and corporate writes offs, many of the largest compenies in america, like General Electric, end up payning virtually no taxes.
...the republicans, who must be receiving more campaign contribution/bribery money from the fuel companies, are particularly adamant about not ending the tax break bribery pay off.
Their reasons are phony, of course. They use cliches like "don't punish successful businesses, reward them". And, "without these corporate tax subsidies gas prices will go up dramatically", which most economists say is false.
American politicians tend to be in the pockets of the one percent, and situations such as this will only fuel the fires of the Occupy Wall Street movement, which has not gone away, but merely hibernated for the winter.
Davy Crockett said "it is my belief that congress ought to at least occasionally legislate for the poor." "Occasionally " might be the best we can hope for, since the poor don't, can't bribe and buy elected politicians.
Thomas Jefferson said : "If the people become inattentive to the affairs of government, the legislators and magistrates will divide society into two classes: wolves, and sheep."
We the people became innatentitve decades ago. And thus divided we are, into wolves and sheep. This fact is not an advocation of class warfare, but rather, a description of it.
Please scroll down for the other articles in today's issue of The Truthless Reconciler!Thanks!
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