GOP governor tells Bush and Congress to stop subsidizing oil companies



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Topic: Politics > Politics-USA
User: "Harry Hope"
Date: 11 Aug 2006 03:32:55 PM
Object: GOP governor tells Bush and Congress to stop subsidizing oil companies
From The Boston Globe, 8/11/06:
http://www.boston.com/news/local/rhode_island/articles/2006/08/11/carcieri_tells_bush_congress_to_stop_subsidizing_oil_companies/?rss_id=Boston.com+%2F+News
Carcieri tells Bush, Congress to stop subsidizing oil companies
PROVIDENCE, R.I. --
Gov. Don Carcieri called on President Bush on Friday to take all steps
necessary to alleviate what he described as a national crisis caused
by rising gasoline prices.
"The average national and Rhode Island price for gasoline is now
hovering at just over $3 per gallon, and recent pipeline shutdowns in
Alaska are expected to drive this price even higher," Carcieri, a
Republican, said in a letter sent Friday.
"Americans deserve immediate action by the president and Congress."
In the letter, Carcieri called for an end to federal subsidies and tax
breaks for oil companies that are making record profits.
He also said Congress should enact a windfall profits tax an industry
that made more than $110 billion last year.
"It is unconscionable that oil companies continue to pile up record
profits while average Americans struggle to fill up their gas tanks,"
the governor said in his letter.
_________________________________________________________
B..b..b..but the oil companies *need* their welfare. If they don't get
it, they'll shrivel and die.
Harry
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