Tags: Chamber | Democrats | taxes | oil

Chamber Fights Dem Plan to Toss Big Oil Tax Benefits

Tuesday, 17 May 2011 04:10 PM

By Dan Weil

Share:
  Comment  |
   Contact Us  |
  Print  
|  A   A  
  Copy Shortlink
The U.S. Chamber of Commerce strongly opposes Senate Democrats’ bill to throw away tax benefits for large oil companies. In a letter to the Senate Monday, Chamber lobbyist Bruce Josten said the proposal will threaten jobs and hurt consumers, The Hill reports.

Chamber of Commerce, Democrats, oilThe Chamber urges senators to vote against the bill when it comes up for a procedural vote Wednesday.

“While the Chamber believes that deficit reduction is a laudable goal, this goal should be achieved through spending cuts that address the root cause of the deficit, and not thru punitive taxation,” Josten wrote. “Bad tax policy and bad energy policy are not antidotes for the poison of the federal deficit.”

The legislation is “misguided, unwarranted, and ultimately counterproductive,” Josten wrote.


© 2014 Newsmax. All rights reserved.

Share:
  Comment  |
   Contact Us  |
  Print  
  Copy Shortlink
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
Around the Web
Top Stories
You May Also Like

For 1 Night on Stage, Embattled Cosby His Old Self

Saturday, 22 Nov 2014 07:49 AM

The protesters didn't show, the would-be hecklers didn't take the bait, the weeks of headlines about sexual assaults dis . . .

Obamacare Architect Gruber Loses Second Consulting Job

Friday, 21 Nov 2014 22:39 PM

Obamacare architect Jonathan Gruber, who publicly boasted about the healthcare law’s "lack of transparency" and credited . . .

Obama's Immigration Speech Gets Most Viewers on Univision

Friday, 21 Nov 2014 20:00 PM

As the lead-in to the Latin Grammys, President Barack Obama's speech announcing his sweeping immigration reforms reached . . .

Most Commented

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