On the recordMarch 28, 2012
So, Madam President, I think it is very important that we understand what we are trying to do here. The Senator from Alaska said it has been a good debate. Yes, it has been a good debate, but let me tell you what is not good. What is not good is that Big Oil is getting corporate welfare. Big Oil is ripping us off at the pump. They never had greater profits. We are being asked to sacrifice and pay more at the pump because of instability in the world, because of problems with the refineries, even though we have never drilled as much as we are drilling now. Big Oil exports our oil now. We have never had as many exports as we have now. Big Oil gets billions of dollars of subsidies, so big that I would tell you, $2 billion a year in U.S. tax breaks. Let me tell you, to explain how that compares to something we do that is very near and dear to my heart and to every mother and father, grandma, grandpa, or aunt and uncle, we put about $1 billion a year into afterschool programs, and we have millions of children waiting--$1 billion a year on afterschool programs while we give away $2 billion a year to the most, shall we say, successful companies in America. I want to show you what I am talking about because I don't want people to think this is rhetoric. These are the facts. When my Republican colleagues come on the floor and defend these profits, let's talk about what they are. Now, remember, we have been in a deep recession for several years now.…





