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:
Retype Email:
Country
Zip Code:
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
You May Also Like

Sen. John Walsh Blames Plagiarism Woes on Post Traumatic Stress

Thursday, 24 Jul 2014 06:44 AM

Sen. John Walsh, an appointed Democrat in Montana now running to keep his U.S. Senate seat, claimed his unattributed use . . .

Jane Fonda: I'll Be Mad If Murdoch Acquires Time Warner

Wednesday, 23 Jul 2014 22:01 PM

Jane Fonda says she'll be "so angry" at federal regulators if they approve an acquisition of Time Warner by Rupert Murdo . . .

Arizona Inmate Dies Hours after Execution Began; Brewer Calls for Probe

Wednesday, 23 Jul 2014 21:58 PM

A condemned Arizona inmate gasped and snorted for more than an hour and a half during his execution Wednesday before he  . . .

Most Commented

Newsmax, Moneynews, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, NewsmaxWorld, NewsmaxHealth, are trademarks of Newsmax Media, Inc.

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