Here we go again. I guess this is part of the “all of the above” nonsense he’s been peddling.
President Barack Obama intends to press lawmakers Thursday to quickly strip billions of dollars in oil industry tax breaks, remarks that will come during his second energy-themed speech in two weeks aimed at blunting GOP attacks over gasoline prices.
Obama will speak Thursday afternoon at Nashua Community College in the swing state of New Hampshire.
“In Nashua, the President will . . . reiterate his call to repeal the unwarranted $4 billion in annual subsides handed out to oil and gas companies, and will urge Congress to take a vote on the repeal in the coming weeks,” a White House official said ahead of Obama’s remarks.
Congress is unlikely to kill oil industry tax incentives amid resistance from many Republicans and oil-state Democrats. Repeal efforts in the Senate last year fell short, and the proposals face even longer odds in the GOP-controlled House. But Democratic leaders have long sought to put the spotlight on big oil companies – which enjoy large profits when oil prices are high – in order to cast Republicans as defenders of behemoths like Exxon Mobil Corp.
They have no plan but to flail about daily blaming anyone and anything other than accepting responsibility. As if the opil companies wouldn’t simply raise prices anyway.
These people have no clue. So what else will they try? Why, targeting private citizens. Thuggery in action.