Wednesday, May 11, 2011

Senate Democrats push to end tax breaks for big oil companies to cut deficit

From WaPo:

Senate Democrats unveiled a plan Tuesday to save $21 billion over the next decade by eliminating tax breaks for the nation’s five biggest oil companies, a move designed to counter Republican demands to control the soaring national debt without new taxes.


That's it? This is the big plan? $2.1 billion a year works out to about .oooo nothing % of the deficit or the budget and the only real effect this will have is to raise energy prices and encourage more oil imports.

Look, the Democrats have no interest in reducing the deficit if it means reducing the power and money they steal from private citizens. They have no interest in reducing gas prices since that reduces mobility and makes you easier to control. They have no interest in reducing the inflation they have caused or increasing private sector employment since a robust private sector and a financially independent populace is direct threat to these two bit tyrants and their desire to rule.

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