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:
Privacy: We never share your email.
 
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
You May Also Like

Scientists Warn Florida Governor of Threat From Climate Change

Tuesday, 19 Aug 2014 20:06 PM

Five climate scientists warned Florida Governor Rick Scott in a meeting on Tuesday that a steadily rising ocean was a ma . . .

Kareem Abdul-Jabbar: Ferguson Protests Are About Class, Not Race

Tuesday, 19 Aug 2014 19:26 PM

The unrest in Ferguson, Missouri, is not about racism but about class warfare and how poor people are not advancing in A . . .

Rep. Paul Ryan: GOP Must Learn From Mistakes in War on Poverty

Tuesday, 19 Aug 2014 17:46 PM

Republicans often aren't taken seriously in their effort to alleviate poverty, Rep. Paul Ryan admits, and he suggested t . . .

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