Oil Industry Group Starts Political Giving as Congress Weighs Repeal of Tax Breaks

[JohnWxy]

The Obama administration is pushing removing some tax breaks to Oil & gas companies. This will get NOWHERE with the Corporate Lobbyist Party. They might be interested in killing support to the nascent ethanol industry (which shaves oil company profits by providing a product that competes with gasoline and therefore brings the price of gas down) but they will fight to protect tax-break subsidies for the contribution rich oil industry http://www.opensecrets.org/industries/contrib.php?cycle=2010&ind=E01">(77% of oil industry contributions goes to the Corporate Lobbyist Party). Ha-ha-ha! The Good ol' GOP with them who needs al Kaida to weaken America!

http://www.bloomberg.com/news/2011-02-24/oil-group-starts-political-giving-as-congress-eyes-subsidies.html


The American Petroleum Institute, the largest oil and gas industry trade group, will start backing political candidates this year as the U.S. considers repealing $46 billion in subsidies and imposing pollution rules.

The group, whose members include Exxon Mobil Corp. and Chevron Corp., would make donations separately from industry executives and employees, who gave $27.6 million mostly to Republican candidates for Congress last year, according to the Center for Responsive Politics in Washington. API has paid for advertising on policy issues and to lobby on legislation.

“This is adding one more tool to our toolkit,” said Martin Durbin, API’s executive vice president for government affairs, in an interview. “At the end of the day, our mission is trying to influence the policy debate.”
(more)

http://www.opensecrets.org/industries/indus.php?ind=E01">OpenSecrets.org - Oil & Gas political contributions

http://www.opensecrets.org/industries/contrib.php?cycle=2010&ind=E01">Oil & Gas: Top Contributors to Federal Candidates, Parties (77% to Corporate Lobbyist Party_JW), and Outside Groups - OpenSecrets.org

[classysassy]

1. There should be a sign

at republican party headquarters" Bribes accepted"After that boneheaded supreme court decision letting big business bribe our congress we are no longer a democracy,one man,one vote is a joke,it's the company with the big bucks that decide who will serve them.