Political Quotes

Tim Ryan: “It is clearly currency manipulation. Here is the deal: Chevron, $19 million refunded from the IRS last year. They made…”

On the recordMay 12, 2011
It is clearly currency manipulation. Here is the deal: Chevron, $19 million refunded from the IRS last year. They made $10 billion. Valero Energy, 25th largest company in America, $68 billion in sales last year; they got a $157 million tax refund check subsidized by the taxpayer. If we are going to do this, we need shared sacrifice. We need everybody to contribute, especially those people making a lot of money, to help us reinvest. These folks are benefiting from an old-age industry--that we are running out of oil. It only makes sense. It went into the ground for 4 billion years. We pulled it out in 150 years, and we are burning it. Something is happening. It is an old industry and we are subsidizing it. We need to be Americans who invest in the next great technology to lead the world.
Said by
Tim Ryan
Democratic · Ohio
Source
govinfo.gov
May 12, 2011

Share

More from Tim Ryan

Feb 15, 2025

Our brand is toxic in so many places, and it is like, 'you are a Democrat?'

newsweek.com
Mar 2, 2025

Wait, Trump didn’t say he would do that during the campaign.

msnbc.com
Jul 12, 2026

It's awful news that the Supreme Court and the Trump Administration sided with Bayer over thousands of Americans who say the company's products caused their cancers.

commondreams.org
Mar 2, 2025

I know you’re hurting but it’s going to take a little time for us to right this ship.

msnbc.com

Other voices in this conversation