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.
Source
govinfo.gov
