Democrats putting heat on GOP over oil companies

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The White House and its Democratic allies in Congress are launching a campaign to tie Republicans to deeply unpopular oil companies as gas prices continue to surge, nearing $4 a gallon this week amid reports of gangbuster profits by energy companies.

Senate Democrats will push forward as early as next week with a bill to end more than $4 billion in annual subsidies to oil and gas companies over Republican objections that the legislation could cost jobs. The bill’s immediate prospects look dim because it is unlikely to win passage in the Republican-dominated House.

In recent days, Democrats have targeted the GOP for its opposition. Playing on the wedding of Prince William and Kate Middleton, the House Democratic Campaign Committee launched a Web site featuring the image of House Speaker John A. Boehner’s head atop a royal gown, announcing the “R-Oil Wedding ... the sacred and lasting union between the Republican Party and Big Oil.”

President Obama began the week by pressing Boehner (R-Ohio) to agree that the tax subsidies should be rolled back. Republicans responded by arguing that Obama has blocked measures to generate new domestic sources of oil that could bring down the price of gas. They said that eliminating the tax breaks could destroy jobs while doing nothing to bring down the price of fuel.

http://www.washingtonpost.com/business/e...l_cuzheads


Gas here, west central IL, went to 4.15 yesterday. Stop the subsidies, stop the speculation, stop the oil barons.

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The President's weekly address today:

Weekly Address: Ending Taxpayer Subsidies for Oil Companies