Braley Calls on Boehner to Repeal Tax Breaks for Big Oil PDF Print E-mail
News Releases - Business & Economy
Written by Alexandra Krasov   
Thursday, 12 May 2011 07:27

Washington, DC – May 11, 2011 - Today, Congressman Bruce Braley (IA-01) sent a letter to House Speaker John Boehner, calling on him to repeal tax subsidies for big oil companies. Rep. Braley urged Speaker Boehner to bring a bill to the House Floor that would repeal oil subsidies at a time when oil companies are making record profits but gas prices are skyrocketing at the pump.

"I was pleased to read Speaker Boehner’s recent statements acknowledging that eliminating tax subsidies for big oil companies is ‘something we should be looking at’ and I'm glad that other members of the Republican party such as Representative Paul Ryan and Senator Charles

Grassley have also questioned whether these types of subsidies areappropriate,” said Rep. Braley. “It seems clear that the push to end oil tax subsidies now has bipartisan political support. And I think it’s past due time to bring a bill to the House Floor that would repeal big oil's tax breaks.”

A CNN poll released earlier this week shows that 9 in 10 Americansblame big oil companies for the recent spike in gas prices.

A copy of Rep. Braley’s letter is available here: http://go.usa.gov/j1C

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