Tuesday, June 10, 2008

never-ending saga of obstructionist repugs

Republicans block extra taxes on oil companies

WASHINGTON - Senate Republicans blocked a proposal Tuesday to tax the windfall profits of the largest oil companies, despite pleas by Democratic leaders to use the measure to address America's anger over $4 a gallon gasoline.

The Democratic energy package would have imposed a tax on any "unreasonable" profits of the five largest U.S. oil companies and given the federal government more power to address oil market speculation that the bill's supporters argue has added to the crude oil price surge.

"Americans are furious about what's going on," declared Sen. Byron Dorgan, D-N.D., and want Congress to do something about oil company profits and "an orgy of speculation" on oil markets.


---
Because, gawd forbid the oil companies not keep making record-breaking profits while the rest of us suffer!
Once again, the Dems try to help the American people and the repugs remain loyal only to big business...