Political Quotes

“Mr. President, I rise to speak in support of the Repeal Big Oil Tax Subsidies Act, which I have cosponsored. This legislation would repeal five specific tax subsidies and a royalty relief provision to the largest oil companies, which simply do not need them and which our Federal Government definitely cannot afford. And this bill would invest the savings from repealing these subsidies to extend vital clean energy incentives that have recently expired. It would also save billions of dollars in order to reduce the deficit. This is a simple vote, really. If you are for subsidizing profitable and polluting industries and raising taxes on clean, innovative, and renewable energy companies, you should not support this bill. But if you are for fiscal responsibility, balancing the Federal budget, and investing in a cleaner energy industry that is less dependent on international oil markets and suppliers, you should vote yes. If you are against increasing taxes on clean energy sources such as wind, solar, and energy efficiency, you should vote yes. And if you believe that we cannot afford to spend Federal dollars subsidizing an industry that needs no help, you should vote yes. Oil prices have risen to well above $100 per barrel, and according to AAA, California currently has the highest gasoline prices of any State in the continental United States, currently at $4.30 per gallon of regular unleaded.…”