Political Quotes

On the recordJanuary 18, 2007
let's review the score. Big Oil, one; taxpayers, zero. But today we are about to even the score. When he took office, President Bush said this country was in need of a comprehensive energy policy. He was right, and unfortunately we are still waiting. We are still waiting because rather than a solution we got a $14 billion taxpayer handout to oil and gas companies. Taxpayers were forced to pay twice, once at the pump and then again on April 15. At the same time, the five big oil companies made record profits of $97 billion in 2006, and the taxpayers were asked to subsidize their industry. Where are gas prices today? Almost double where they were when George Bush took office. Today, as we complete our first 100 hours, it is the beginning of clean energy and the end of dirty politics. Just last week, my colleagues on the other side were saying that we were subsidizing; that the private sector was working in the prescription drug area, and today they argue in favor of a $14 billion taxpayer handout for big oil companies. I am proud the inconsistency doesn't seem to get in the way of a good argument. I think this serves a fitting end to our first 100 hours agenda and the 6 in '06. Two weeks ago, we began the 100 hours by enacting the most comprehensive ethics reform since the Watergate era, and we end the culture of corruption where the special interests had a free rein in determining national policy.
Said by
Rep. Rahm Emanuel
Illinois

Editor's note · Context

Addressing energy policy and taxpayer subsidies to oil companies during a floor speech.

Share

More from Rep. Rahm Emanuel

Apr 10, 2008

Mr. Speaker, we are having a conversation here about trade and globalization and about how to make sure that, in fact, globalization is a win-win strategy for the American people. And we were talking about Colombia, but what we really are…

govinfo.gov
Apr 15, 2008

to pick up on my colleague's comments about fairness, one of the provisions in this legislation deals with closing the loophole for KBR, a former Halliburton subsidiary, that used the Cayman Islands to avoid paying taxes. And that is, it…

govinfo.gov
Dec 12, 2007

First of all, it wasn't part of welfare reform. Welfare reform had a 1-year transitional for Medicaid. It wasn't part of that, which is a point you made. Second is, SCHIP was so successful, while the rest of the population actually had an…

govinfo.gov
Sep 25, 2007

Last week the President asked for $200 billion more for the war in Iraq. In the same week, the White House said that the bipartisan plan to give 10 million children health care included ``excessive spending'' and threatened to veto it. I…

govinfo.gov

Other voices in this conversation