REPUKE Rep-TX Joe Barton: Govt Subsidies Necessary To Keep Exxon From Going Out Of Business

[kpete]

Barton: Govt Subsidies Necessary To Keep Exxon From Going Out Of Business
Brian Beutler | March 10, 2011, 11:08AM

Check out this interview of Rep. Joe Barton (R-TX) -- he of apologizing to BP fame -- by ABC on Wednesday. Pressed repeatedly by Jon Karl to stake out a position on tax credits enjoyed by offshore oil companies, Barton argued that the subsidies represent equal treatment, and are required to keep the companies like Exxon-Mobil from going out of business.

"Over time if you put so many disincentives against any U.S. manufacturing or production company, or oil and gas exploration company, they'll go out of business," Barton said.

Barton, perhaps the oil and gas industry's staunchest support on Capitol Hill, says the subsidies for the industry should remain unchanged "so long as you believe that you believe in the free market capitalist system and they should be headquartered in the United States."

Democrats have proposed eliminating the oil and gas subsidies as part of a deficit reduction and spending cut package. The White House estimates that repealing the tax credits would save about $46 billion over 10 years.

http://tpmdc.talkingpointsmemo.com/2011/03/barton-free-market-oil-subsidies-necessary-to-keep-exxon-from-going-out-of-business.php?ref=fpb

Leave EXXON Alone!!!!!!!!!!!!

Exxon: Record profits smash own record
http://www.swamppolitics.com/news/politics/blog/2009/01/exxon_record_profits_smash_own.html
Exxon Mobil profit nearly doubles
http://money.cnn.com/2010/07/29/news/companies/Exxon/index.htm
ExxonMobil paid no federal income tax in 2009. (Updated)
http://thinkprogress.org/2010/04/06/exxon-tax/

[Aerows]

1. Then they should go out of business.

That's what the "free market" is all about. Not hiding the fact that they are getting funding, let them go out of business - but you know they won't.

[aquart]

12. You betcha.

[liberal N proud]

2. If that is all that saving that monster, cut them

These fuckers blatantly plead for money for the corporations while with the other hand take money away from the poor and middle class.


:nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke::nuke:

[ck4829]

3. If you pricked this guy, he'd probably bleed crude oil

His nose can not be any further up the rears of these oil companies.

[Matariki]

4. Is this a JOKE? The Onion?

Exxon out of business :rofl:

[dkofos]

5. barton should have a pike shoved up his ass.

and I don't mean the fish.

[somone]

6. Pretty soon they'll argue all corporate welfare falls under the equal protection clause

just like Bush v. Gore

[Vinca]

7. Someone tell Mr. Barton that ExxonMobil made a world record setting profit

and probably couldn't find the U.S. taxpayer subsidy crumbs in their books if they tried. Stop welfare for corporations!

[Rex]

8. So why did they make record profits last year?

Oh nm, I now idiots like Joe are not interested in FACTs, just cover up and greed by companies that at one time were allowed to fail!!! We all know it...it was called capitalism and it worked pretty well until the modern day ROBBER BARONS came along and with them their little leechlike creatures - Joe Barton.

Rot in hell Joe.

[Angry Dragon]

9. what a piece of feces

[SOS]

10. Recently

Exxon recorded the biggest corporate profit in American history - $45 billion.
Barton wants to increase their welfare check?

[Wisconsin_2_Nation]

11. Poor people need food to eat, and heat to keep them warm

I don't see the CEO of Exxon going hungry...

[pnorman]

13. Thanks for that image!

I have a special use for it. And thanks for the OP too!

[msongs]

14. umm it's NOT a free market system if you are getting subsidies lol nt

[jwirr]

15. Bye-bye Exxon.