Posted by admin on 10 20th, 2011 | no responses

Dems go after $122 billion in oil subsidies

by Sarah Laskow. The super committee that's supposed to be killing the country's deficit asked the rest of Congress to submit ideas for places to cut. Thirty-five members of Congress submitted a motion that would do away with oil subsidies worth $122 billion . This idea comes from Democrats (and Democrats that Think Progress describes as “progressive climate hawks”) so there's not a huge chance that the committee chairs are going to adopt this particular proposal. But $122 billion! If Republicans are serious about getting rid of the budget deficit, oil subsidies would be a good place to start.

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Dems go after $122 billion in oil subsidies

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