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March 30, 2012

Senators Who Voted To Protect Oil Tax Breaks Received $23,582,500 From Big Oil

By Amanda Lang

In a 51-47 vote, 43 Senate Republicans and four Democrats filibustered to protect $24 billion in tax breaks for Big Oil. Although a majority voted for Sen. Robert Menendez's (D-NJ) bill, it fell short of the 60 needed. The only two Republicans to break rank were Sen. Susan Collins (R-ME) and retiring Sen. Olympia Snowe (R-ME). A Think Progress Green analysis shows how oil and gas companies have funneled cash to the same senators who protected it ...

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In a 51-47 vote, 43 Senate Republicans and four Democrats filibustered to protect $24 billion in tax breaks for Big Oil. Although a majority voted for Sen. Robert Menendez's (D-NJ) bill, it fell short of the 60 needed. The only two Republicans to break rank were Sen. Susan Collins (R-ME) and retiring Sen. Olympia Snowe (R-ME). A Think Progress Green analysis shows how oil and gas companies have funneled cash to the same senators who protected its handouts: -- The 47 senators voting against the bill have received $23,582,500 in career contributions from oil and gas. The 51 senators voting to repeal oil tax breaks have received $5,873,600. -- The senators who voted for Big Oil's handouts received on average over four times as much career oil cash as those who voted to end them. -- Overall, Senate Republicans have taken $23.2 million... Democrats received $6.66 million...

Authors Bio:

OpedNews volunteer from 2005 to 2013.

Amanda Lang was a wonderful member of the Opednews team, and the first volunteer editor, for a good number of years being a senior editor. She passed away summer 2014.


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