Let's zero in specifically on what we did compared to what they did. If you recall, that was the energy bill that they held open for 40 minutes longer than our normal time limit so they could twist enough arms to get the votes to ensure that they could give the oil companies $14 billion in subsidies, give them those subsidies in the face of world record profits. Now, you know, we support profit. Profit is a good thing. Profit is not a bad word; it's a good thing. But when you are doing what they did, which was forgive the royalties that the oil industry would have been required to pay the Federal Government; they are supposed to pay the Federal Government to use the land that they drill on in exchange for the oil that they pull out and make a profit on. And the Republican majority gave away the $14 billion and said, no, no, no, very profitable oil industry, that's okay, you don't have to pay us. Just put that in your pocket, no problem.
Debbie Wasserman Schultz: “Let's zero in specifically on what we did compared to what they did. If you recall, that was the energy bill that they…”
Editor's note · Context
Discussing the energy bill and subsidies for oil companies during a House floor speech.
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