Political Quotes

“I yield myself such time as I may consume. I rise to urge my colleagues to support my amendment to H.R. 2021. As constituents see soaring gas prices, soaring oil prices, oil companies have revealed record profits. The top five multinational oil companies earned over a trillion dollars in the past decade. In my district, where jobs and commerce depends on a coastal marine and tourism economy, I have constituents that are paying up to $4.50 a gallon. These oil firms, these conglomerates, are eating up more and more of our constituents' paychecks. And where is it going? Only a small portion--some estimate as little as 7 percent--are reinvested back into the economy to pay for efficiencies and research into alternatives to oil. Rather, oil companies are providing bumps for stockholders and high bonuses to their company executives--a pat on the back for high prices at the pump. Remember that up to 90 percent of the tax subsidy money given to executives and companies by the taxpayers went to buybacks for preferred stock purchases. My amendment would provide transparency to the U.S. taxpayer. {time} 1620 The amendment requires that all completed permit applications include data on executive bonuses distributed by the applicant company in the most recent quarter. In May I offered a similar amendment to H.R.…”