Apr
DESPITE EXORBITANT PROFITS, JANE CORWIN SUPPORTS TAX BREAKS FOR OIL COMPANIES WHILE DECIMATING MEDICARE
ERIE COUNTY – Oil companies British Petroleum (BP), Shell, ConocoPhillips, and Exxon Mobil all reported first quarter profits today, with Exxon Mobil reporting an astonishing 69% increase in profits.
“While Americans are paying more than $4.00 at the pump, oil companies are making exorbitant profits thanks to the help of their Republican friends in Congress,” said Kathy Hochul, candidate for New York’s 26th Congressional District. “Speaker John Boehner says Congress ‘ought to take a look at’ tax breaks for oil companies, but we know that the House has already given them far too many.
“The 2012 House budget, that my Republican opponent supports, further fuels the profits oil companies made last quarter by cutting federal spending in energy research and development, while calling for the elimination of tax breaks for wind, solar and other alternative energy technologies. House Republicans would rather gut alternative energy technologies and decimate Medicare, than cut subsidies for big oil. How is that competitive?”
Jane Corwin has publicly stated her support for the Republican’s 2012 budget that would decimate Medicare, while giving tax breaks to corporations and America’s wealthiest individuals. The proposal also terminates alternative energy development, innovation and exploration.
More information about Kathy Hochul can be found at www.KathyHochul.com.
