THIS is what Americans want, you corrupt good for nothing Washington corporatist sell-outs!
The poll also shows that reducing tax incentives for the legacy oil and gas industries is one of the top-five most popular options for helping reduce the deficit, with 59% of Americans saying they supported the option. Eliminating certain tax subsidies for the mature oil and gas industries could bring in about $45 billion over the next ten years. By comparison, the top five oil companies brought in over $76 billion in profits in 2010 alone.
In response to the calls for reducing oil and gas tax subsidies to help close the budget gap, the American Energy Alliance funded a study showing that such a move would have a net-negative budget impact of $53 billion. However, the Congressional Budget Office, the Congressional Joint Committee on Taxation, and the Congressional Research Service all separately found that the move would bring in billions of dollars in revenue.
From
Think Progress