(Mary) Landrieu Calls Fellow Dems' Oil-Tax Bill ‘Laughable' - TheHill [View All]

[WillyT]

Landrieu calls fellow Dems' oil-tax bill ‘laughable’
By Josiah Ryan - The Hill
05/11/11 04:50 PM ET

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Sen. Mary Landrieu (D-La.) called the Democratic plan to scrap tax breaks for the big five oil producers to pay down the deficit “laughable” and derided states that complain about gas prices while producing no energy themselves.

“I see what our states produce and these people produce nothing, or virtually nothing — and you ask me can I vote for a bill like this?" asked Landrieu from Senate the floor on Wednesday, comparing the major energy-producing states with non-energy producing states.

“No,” said Landrieu, answering her own question. “Not only can I not vote for it. It’s laughable.”

The Democrats' plan, which may come to the floor this week, was authored by Sen. Robert Menendez (D-N.J.). It would require oil companies to pay taxes for drilling on federal land and remove tax deductions for companies that drill in foreign countries. In all, it would raise about $20 billion, which would be directed toward deficit reduction.

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Link: http://thehill.com/blogs/e2-wire/677-e2-wire/160615-landrieu-calls-fellow-dems-oil-tax-bill-laughable

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