Obama, GOP Spar Over Gas Prices

The president wants to repeal oil tax subsidies

April 27, 2011 RSS Feed Print
  • Comment (38)

With gas prices continuing to rise, President Obama and House Republicans traded shots yesterday over energy policy. After House Speaker John Boehner told reporters that oil companies should be "paying their fair share," Obama pressed the GOP on an issue they had previously rebuffed--repealing billions of dollars in oil tax subsidies. In a letter to Boehner and other Congressional leaders, Obama called the tax breaks "unwarranted" and "wasteful," and said that if the revenue was redirected to clean energy it could reduce dependence on foreign oil. Congressional Democrats called on Republicans to schedule a vote on repealing the tax breaks next week, which isn't likely considering the Republican opposition to the repeal. [See a slide show of the 10 states with the highest energy use.]

Republicans countered that Obama's energy policies were stifling American production, and promoted legislation to increase domestic oil drilling.

 

Tags:
Democratic Party,
Republican Party,
energy policy and climate change,
Congress,
John Boehner

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If you believe that only the other political party is responsible for the current economic mess, you are not only stupid, you are in part responsible for the mess.

Holgar of SC 12:09PM May 01, 2011

In Europa, gas is heavily taxed, not subsidized!

Google: VW XL1 : the 1 liter per 100 Km car will be produced!

Volks Wagen would never have developed such an hybrid car if gas has been subsidized in Europa!

Jean-Francois Morf, Charrat, Switzerland 3:47PM April 29, 2011

When big oil companies have their highest paid employees sitting in the House of Representatives and passing laws solely to their benefit, we need a radical President that will put a stop to this kind of corruption. I didn’t vote for Obama, but at least he hasn’t been bought and paid for by the big oil and gas companies.

RC of TX 8:38PM April 28, 2011

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