Corruption – Money In Politics
Keep telling yourself that these people are ‘working hard’ for you.
‘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 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’.
‘Republicans have taken an overwhelming 88 percent of oil and gas contributions this election cycle. While showering politicans with cash, the oil industry also spent over $146,000,000 on lobbying last year’.
‘Although 55 percent of Americans want to see Big Oil welfare end, the GOP once again largely acted in-line with their Big Oil donors’.
From : http://thinkprogress.org/green/2012/03/29/454853/senators-who-voted-to-protect-oil-tax-breaks-received-23582500-from-big-oil/
Oh wait. There’s more………..
‘Exxon Mobil, the most profitable of the big five oil companies, made $41.1 billion in profits last year’.
‘Although Exxon made 35 percent more profits since 2010, its estimated effective tax rate actually dropped. Citizens for Tax Justice reported Exxon paid only 17.6 percent taxes in 2010’,
‘lower than the average American, and a Reuters analysis using the same criteria estimates that Exxon will pay only 13 percent in effective taxes for 2011’.
‘Exxon paid zero taxes to the federal government in 2009’.
From : http://thinkprogress.org/green/2012/03/26/452213/exxon-mobils-tax-rate-drops-to-13-percent-after-making-35-percent-more-profits-in-2011/