Dem Landrieu Knocks Party's Oil Tax Plan as 'Laughable'

Thursday, 12 May 2011 03:50 PM

By Martin Gould

Share:
  Comment  |
   Contact Us  |
  Print  
|  A   A  
  Copy Shortlink
Democratic U.S. Sen. Mary Landrieu attacked her own party’s latest plan to tax oil companies as “laughable” while complaining that the proposal had come from states that produce no energy. The Louisiana senator said she and fellow Democratic Sen. Mark Begich of Alaska realize they are going to be popular among their own caucus for their stand against the bill, The Hill reports.

“I know we are going to be the skunks at the garden party, to be the two Democrats against his bill,” she acknowledged on Senate floor.

The bill, authored by New Jersey Democratic Sen. Robert Menendez, would tax oil companies for drilling on government land and remove tax breaks for companies that drill overseas. It is claimed it would raise $20 billion to go to deficit reduction, but Landrieu said it would hurt the beleaguered Gulf of Mexico oil industry.

Landrieu rhetorically asked, “Can I vote for a bill like this? No. Not only can I not vote for it, it’s laughable.”

© 2014 Newsmax. All rights reserved.

Share:
  Comment  |
   Contact Us  |
  Print  
  Copy Shortlink
Send me more news as it happens.
 
 
Get me on The Wire
Send me more news as it happens.
Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Country
Zip Code:
Privacy: We never share your email.
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Top Stories

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved