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Posted
No this is not a joke … this is just your American Congress doing what it can to help out a rich, socialist dictator. The House passed legislation last week that repeals subsidies for five major oil and gas companies in order to offset $18.1 billion in renewable-energy tax breaks. However, Citgo Petroleum Corp. would continue to receive the 6% deduction for domestic manufacturing. Citgo is owned by a subsidiary of Hugo Chavez’s Petróleos de Venezuela. Apparently since Citgo does not drill for oil and gas domestically or abroad, it fails to fall under the bill’s definition of companies that will be losing the tax break.

Does that make any sense at all? The five companies that this bill targeted -- Chevron, BP, ExxonMobil, Shell and ConocoPhillips — all produce and refine and sell in the United States. And because they are domestic, they are going to lose this tax deduction while Hugo Chavez gets to hang on to his. We are giving him money out of our tax payer dollars while limiting our own resources domestically.

This is your MoveOn Democrat Congress at work, ladies and gentlemen.


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Posts: 1924 | Location: Covington, KY | Registered: 04-19-2004Reply With QuoteEdit or Delete MessageReport This Post
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lol, ok, I'm confused. but nothing goes thru without the "W"s ok, so there you go.






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Posts: 21234 | Location: chicago | Registered: 04-19-2004Reply With QuoteEdit or Delete MessageReport This Post
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