Political Quotes

“A pretty basic thought for me is that it's our tax money; spend it on American-made equipment. The other piece of this is that these tax policies, these subsidies really work. And I want to give you an example. About a century ago, nearly a century ago America decided it needed a new energy source called oil. Over the years, subsidies were put in place to encourage investment in the oil industry and it worked, it worked phenomenally, created the best, most profitable industry in America, the petroleum industry; $970 billion--just slightly short of $1 trillion--of profit after taxes for the petroleum industry. And after a century of being subsidized by taxpayers, it's time for those to end. Let that industry help us with the deficit. End the subsidy for Big Oil. Return the money to the American Treasury. Bring down our deficit. There's a lot of money here. Depending on how you count it, it's somewhere between $2 billion, $3 billion, or $12 billion a year in subsidies for this industry. Let's end that. But unfortunately, we're involved in a debate here in Congress over whether we keep the tax subsidy for Big Oil and shift the burden of solving the deficit to seniors, an incredible policy put forth by our Republican colleagues that would force seniors to pay more for their medical insurance and literally terminate, end Medicare for everyone that's not yet 55 years of age. Terminate Medicare, shift the tax burden to them, and keep the tax subsidy for Big Oil. Hello?…”