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End Welfare for Oil and Gas Companies Now

With all the recent talk of “moochers” and the 47%, it's high time for Congress to kick “takers” like ExxonMobil, Chevron, ConocoPhillips, and BP off the dole. Through tax breaks and subsidies, the energy industry has for too long been the beneficiary of government largesse, with only higher gas prices to show for it. The President should follow through on his spring proposal to end this preferential treatment and require any budget deal to include a provision to end welfare for those oil and gas companies who've profited handsomely during the recession.



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