Ripped Off
In Bush's State of the Union address, he said that America is addicted to oil, but he didn’t admit the role his regime and House Republicans are playing to increase the pushers' profits. Bush and House Republicans are trying to kill a one-year, $5 billion windfall profits tax for oil companies.
They would allow powerful energy companies to pump about $65 billion worth of oil and natural gas from federal territories over the next five years without paying any royalties to the taxpayers. Their own figures show that it will give up more than seven billion dollars in payments. Taxpayers are again getting ripped off and wealthy corporations again are laughing all the way to the bank.
California Democratic Representative George Miller has fought royalty concessions on oil and gas for more than a decade. Miller claims: "It's one of the greatest train robberies in the history of the world.”
Americans are struggling with high gas and home-heating costs, while the big energy companies are hitting all-time record high profits. Many of Bush’s policies put the interests of that industry before the interests of the American people. Bush and Cheney take care of their oilmen friends even when it hurts the American people.
House Republicans are unlikely to challenge Bush. Incumbents recognize that the key to continued access to the money for reelection is to stay on the good side of those who have the money to give. In the case of House Republicans the whole process is mostly controlled by Bush and his political organization.
Republicans have provided unconscionable tax breaks for millionaires, while they cut back programs that help the most vulnerable among us. If Bush gets his way, 300,000 people will be pushed off food stamps; 19,000 fewer children will go to Head Start; and low and moderate income people will lose billions in Medicare.
Everything people need to get ahead is on the chopping block: student loans, vocational training, and child care. House Republicans are not thinking about the people who could be helped with the seven billion dollars that Bush and Cheney are handing over to the oil and gas companies.
They would allow powerful energy companies to pump about $65 billion worth of oil and natural gas from federal territories over the next five years without paying any royalties to the taxpayers. Their own figures show that it will give up more than seven billion dollars in payments. Taxpayers are again getting ripped off and wealthy corporations again are laughing all the way to the bank.
California Democratic Representative George Miller has fought royalty concessions on oil and gas for more than a decade. Miller claims: "It's one of the greatest train robberies in the history of the world.”
Americans are struggling with high gas and home-heating costs, while the big energy companies are hitting all-time record high profits. Many of Bush’s policies put the interests of that industry before the interests of the American people. Bush and Cheney take care of their oilmen friends even when it hurts the American people.
House Republicans are unlikely to challenge Bush. Incumbents recognize that the key to continued access to the money for reelection is to stay on the good side of those who have the money to give. In the case of House Republicans the whole process is mostly controlled by Bush and his political organization.
Republicans have provided unconscionable tax breaks for millionaires, while they cut back programs that help the most vulnerable among us. If Bush gets his way, 300,000 people will be pushed off food stamps; 19,000 fewer children will go to Head Start; and low and moderate income people will lose billions in Medicare.
Everything people need to get ahead is on the chopping block: student loans, vocational training, and child care. House Republicans are not thinking about the people who could be helped with the seven billion dollars that Bush and Cheney are handing over to the oil and gas companies.
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