A quick, easy way to shave $4 billion off the deficit

If the United States government is truly as broke as Republicans insist, then this ought to be a no-brainer:

Boehner had stunned Washington on Monday when he told ABC Newsthat cutting the subsidies to oil companies is “certainly something we should be looking at.” … In all, the tax breaks, many designed to encourage more exploration, cost taxpayers more than $4 billion a year in lost revenue — enough for 1.4 million Americans to buy a tank full of gas every week for an entire year.

We’re broke, right (pssst – we’re not, but Republicans keep saying we are), so why are we letting Big Oil off the hook for $4 billion a year in taxes?

 

2 Responses to A quick, easy way to shave $4 billion off the deficit

  1. James Gilligan says:

    Dick Cheney was also wrong when he growled: “Deficits don’t matter”.

  2. Joe Mostowey says:

    For the same reason GE paid zero taxes on 5 Billion in profits?

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