Later On

A blog written for those whose interests more or less match mine.

Thank God we’re subsidizing oil companies

with 2 comments

The poor things probably wouldn’t make it without all the tax breaks and other subsidies the GOP (and Congress in general) have doled out. For example:

Exxon Mobil
The oil giant racked up $39.5 billion in earnings last year, the largest-ever profit in U.S. history. That figure topped the previous record of $36.1 billion, also set by Exxon Mobil, in 2005. Profits were up 9.3% from the previous year, while sales rose 2.2%.

Written by Leisureguy

16 January 2008 at 10:06 am

2 Responses

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  1. I think to subsidize oil companies then over tax us for using it is a racket. Why not quit subsidizing them and then just tax us 9% for use just like milk.

    Like

    thughs

    16 January 2008 at 12:51 pm

  2. I know Oil companies are greedy but why is our government even greedier?

    Like

    thughs

    16 January 2008 at 12:53 pm


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