Taxpayers advocate: No subsidies for oil firms
Oil companies should be cut off from tax breaks and subsidies, the founder of a Washington, D.C.-based organization said Thursday.
Jill Lancelot, co-founder of Taxpayers for Common Sense, said that soaring oil-company profits combined with subsidies and tax breaks mean that the industry is getting off easy.
“Wealthy corporations are not paying their fair share,” Lancelot said.
Lancelot, backed by representatives of the Western Colorado Congress and former state senate candidate Claudette Konola, spoke outside the Alpine Bank Building in downtown Grand Junction.
A bill that would have stripped tax advantages and subsidies from oil companies died 52–48 Tuesday on a procedural vote that showed Senate Democrats failed to garner enough votes to overcome a filibuster.
With a large check marked “$15 billion and no sense” from taxpayer to oil companies in the background, Lancelot urged pressure on Rep. Scott Tipton, R-Colo., to support removing the oil companies’ subsidies.
The figures come from a report, “Subsidy Gusher,” drawn up by Taxpayer for Common Sense, http://www.taxpayer.net.