Marcy Kaptur: “tonight I would like to place on the Record the extraordinary profits of one corporation registered with the New York…”

“tonight I would like to place on the Record the extraordinary profits of one corporation registered with the New York Stock Exchange by the name of Exxon. Today, news reports indicate that Exxon, the world's largest publicly traded company, has posted the largest U.S. corporate profit in world history: nearly $10 billion. That is $10 billion in just 3 months. We know where that money came from. It came from all of us. It came from the American people. Quarterly profits for Exxon are up 75 percent since last year. The revenue of this company alone will ring in at over $100 billion this year. Now how big is $100 billion? Well, $100 billion is about one-quarter of what the U.S. Department of Defense spends in 1 year. But $100 billion is more than all of the following U.S. Departments spend in a year combined. The whole U.S. Department of Education, all of the student loans, all of the help for our school children around the country, it is a drop in the bucket compared to the profits of Exxon. The U.S. Environmental Protection Agency, that is small potatoes compared to what Exxon earns. The Department of Transportation, with all of those bridges across the United States that have to be fixed, some in rural areas, certainly in the big cities, crumbling infrastructure, well, Exxon's profits are a lot larger than the Department of Transportation spends in a year. NASA, poor NASA, they only have about $16 billion a year to explore outerspace and the heavens beyond us.…”