Your Tax Dollars Go to Big Oil

This makes my blood boil: Each year, taxpayers spend BILLIONS of dollars subsidizing big oil and gas companies!

These companies don’t need taxpayer dollars, period. In 2013 alone, the Big Five oil companies posted profits of $93 BILLION. But that didn’t stop the industry from lining its pockets with BILLIONS of your tax dollars that same year. No wonder the Big Five oil companies were able to pay their CEOs $125 million last year alone.

What’s more, even as these often-negligent companies walk away with your hard-earned money, they pollute our air and water, hurting our families and damaging our environment! Remember the BP/Deepwater Horizon oil spill in the Gulf of Mexico?

We need to put an end to these unfair subsidies.

The other sad thing is that these loopholes aren’t new. Some of them have been on the books for 100 years! Big Oil companies have had a century of taxpayer money unnecessarily lining their pockets, and it’s time for them to pay their fair share.

Let’s send a strong message to Congress: We won’t stand for these unfair loopholes and waste of tax dollars.

Thank you,

Bob

P.S. In the time you’ve spent reading this email, thousands of your tax dollars have gone to Big Oil!

In 2013, taxpayers spent BILLIONS in subsidies for big oil and gas companies – the same year the Big Five oil companies brought in $93 BILLION in profits. That’s $177,000 per minute! It’s outrageous: Congress is pouring money into companies that are already wildly profitable.

Some of these tax loopholes have been on the books for 100 years! Over the years, oil loopholes have amounted to a gift of hundreds of billions of dollars from taxpayers to one of the most profitable industries in the world. With taxpayer subsidies like that, it's no wonder the Big Five oil companies were able to pay their CEOs $125 million last year alone.

It’s time to stop giving unfair tax giveaways to Big Oil.  Tell Congress to close Big Oil tax loopholes!

Sen. Al Franken
Sen. Patrick Leahy
Sen. Ed Markey
Sen. Bob Menendez
Sen. Patty Murray
Sen. Bill Nelson
Sen. Jack Reed
Sen. Chuck Schumer
Sen. Sheldon Whitehouse