Dems Press Supercommittee to Go after Oil subsidies
October 20, 2011
by Ben Geman (The Hill/E2Wire) The latest effort came in a Friday letter from 38 members, spearheaded by Reps. Earl Blumenauer (D-Ore.) and Peter Welch (D-Vt.), that argues “the United States can no longer afford to give away billions of dollars every year to corporations earning billions of dollars in profits.”
The letter claims that eliminating fossil fuel industry subsidies could reduce the debt by up to $122 billion over a decade. READ MORE