Mostly Cloudy

42°F

Waitsfield

Mostly Cloudy

Wind: 0 mph

  • 24 Oct 2014

    Mostly Cloudy 43°F 41°F

  • 25 Oct 2014

    Partly Cloudy 56°F 42°F

The Valley Reporter
P.O. Box 119
Waitsfield, VT 05673
802-496-3928
CONTACT INFORMATION

Valley Reporter on Facebook

The Valley Reporter Restaurant Guide
Calendar of Events for the Mad River Valley
The Valley Reporter Business Listings

Middle class alone cannot balance the budget

Senator Bernie Sanders (I-VT), a member of the Senate energy committee, issued the following statement today after the Senate blocked a bill to rescind $2 billion in annual taxpayer handouts to the five biggest U.S. oil companies:

 

 

“I voted to end oil company subsidies because we have a $14 trillion national debt, because some of the most profitable corporations in the history of the world don’t need tax breaks, because some oil companies pay no federal income taxes, and because we desperately need to end our dependence on fossil fuels.

 

“Congress cannot balance the budget on the backs of middle-class working families without asking the wealthiest Americans and the most profitable corporations for shared sacrifice.”

 

Sanders last year called for the repeal of $35 billion in oil and gas industry tax breaks over the next decade. His proposal would have devoted $25 billion to deficit reduction and put $10 billion over 10 years into an Energy Efficiency Conservation Block Grant Program.  The vote last June 15 on Sanders' amendment was 35 to 61. At that time, 22 Democrats bucked the wishes of the White House and voted against the repeal.

 

 

Share

Add comment

All comments are moderated. Please include your full name and email. Email address will not be shown but are necessary for confirmation.

Security code
Refresh