Analysis

The Ryan Budget Retains 100 Years of Unnecessary Big Oil Tax Breaks and Revives New Ones from the Rejected Romney Budget Plan

Washington, D.C.–(ENEWSPF)–March 12, 2013. In response to the FY 2014 House Republican budget blueprint—a plan that protects Big Oil companies at the expense of struggling American families—the Center for American Progress today released an analysis that explains exactly why Big Oil doesn’t need billions of dollars in existing and new tax breaks. “Meet the New Oil Tax Breaks, Same as the Old Oil Tax Breaks” demonstrates that Rep. Paul Ryan’s (R-WI) oil company giveaways are ghosts from the budget that he and Republican presidential nominee Mitt Romney ran and lost on in 2012.

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