The Hill News

If you’re a Big Oil executive, you’re having a pretty good day today. The U.S. House of Representatives voted down a measure to begin debate on legislation to end the Big Oil welfare tax â€" a tax on average Americans that covers huge subsidies to the oil and gas industry.

The nearly party-line vote achieved what Big Oil wants most. There will be no discussion about how some of the most profitable companies in the world want to keep their handout for billions of taxpayer dollars that subsidize their business. Even as gas prices soar to near-record levels and after the five largest U.S. oil companies reported over $30 billion in profits in the first quarter of this year, Big Oil’s pawns in Congress are protecting their corporate welfare funds.

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