Monday, April 2, 2012

Debate over oil subsidies ? Senators voting to protect them received on average 4x more contributions

The debate goes much deeper than who received money, but these numbers are still important:

In a 51-47 vote, 43 Senate Republicans and four Democrats filibustered to protect $24 billion in tax breaks for Big Oil. Although a majority voted for Sen. Robert Menendez?s (D-NJ) bill, it fell short of the 60 needed. The only two Republicans to break rank were Sen. Susan Collins (R-ME) and retiring Sen. Olympia Snowe (R-ME).

A Think Progress Green analysis shows:

  • The 47 senators voting against the bill have received $23,582,500 in career contributions from oil and gas. The 51 senators voting to repeal oil tax breaks have received $5,873,600.

big oil contributions to U.S. senate million donation subsidy Debate over oil subsidies   Senators voting to protect them received on average 4x more contributions

Democrats who joined the Republicans in defeating the bill include Sens. Mary Landrieu (D-LA), Ben Nelson (D-NE), Mark Begich (D-AK), and Jim Webb (D-VA).

The oil industry also spent over $146,000,000 on lobbying last year.

55 percent of Americans want to see the subsidies stopped.

via Think Progress Green

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Thx to Justin Bacon

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