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OBAMA: "John, you want to give oil companies another $4 billion" in tax breaks.?
THE FACTS: The $4 billion in tax breaks for the oil companies is simply part of McCain's overall corporate tax reduction plan and does not represent an additional tax benefit. In other words, the corporate tax reduction applies to all corporations, oil companies included. Both Obama and McCain have proposed eliminating oil and gas tax loopholes.
will the media leave this out??
6 Answers
- AlionLv 71 decade ago
Well,it's nice that all of the corporations are getting tax breaks,not just the oil companies. That makes it all better.
Big Business has enough coddling as it is.
- 10 minutes lateLv 61 decade ago
Well keep this in mind....
Everyone is worried about their 401K's their retirement plans, their pensions... ALL invest in stable mutual funds.
So.... Where does this money come from? It comes FROM BIG OIL. YOU, ME, and EVERYONE that has a 401K benefits from their profits. We don't make as much as the CEO's obviously, but their success impacts our individual futures.
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- jhillftpLv 51 decade ago
Well fact check posted it. It was stupid for BO to mention this I think. He has the advantage of not being Republican right now. He will spoil it by cherry picking and distorting the truth when he doesn't need to. Fine by me though.
