Obama’s Energy Tax Break Hypocrisy
Today, Obama gave yet another political speech on energy saying Congress should end tax breaks for domestic energy production. What Obama fails to mention is that he voted for the 2005 Energy Bill that provided $2.8 billion in tax breaks for energy production.
Obama In The Rose Garden Today:
Obama: “Think About That. It’s Like Hitting The American People Twice. You’re Already Paying A Premium At The Pump Right Now. And On Top Of That, Congress Thinks It’s A Good Idea To Send Billions More Of Your Tax Dollars To The Oil Industry?” (President Barack Obama, Remarks On American Energy, Washington, D.C., 3/29/12)
Obama In 2005:
Barack Obama Voted For The 2005 Energy Bill. (H.R. 6, CQ Vote #152: Motion Agreed To 92-4: R 53-1; D 38-3; I 1-0, 6/23/05, Obama Voted Yea; H.R. 6, CQ Vote #158: Passed 85-12: R 49-5; D 35-7; I 1-0, 6/28/05, Obama Voted Yea; H.R. 6, CQ Vote #213: Adopted 74-26: R 49-6; D 25-19; I 0-1, 7/29/05, Obama Voted Yea)
The 2005 Energy Bill Included $2.8 Billion In Energy Tax Cuts For Production. "The conference agreement provides for $14.6 billion in tax breaks and credits between 2005 and 2015, including: -- $2.8 billion for fossil fuel production..." (Toni Johnson, "CQ Bill Analysis: HR 6," Congressional Quarterly's CQ Bill Analysis)
Budget and Spending Taxes