The Hill News

The past few months have seen a disturbing pattern in our debate over this country’s spending priorities. At the same time as they have demanded painful, job-killing cuts to transportation funding and slashed programs like food assistance for poor families and pregnant women, Republican leaders have vigorously defended nearly $8 billion a year in handouts to wealthy oil companies.
 
These unnecessary tax subsidies should be the first place we look to make cuts, not the last. That’s why I recently joined with 44 of my House colleagues in sending a letter to Vice President Biden urging him to include cutting these subsidies in any bipartisan agreement to reduce the federal deficit. The proposed cuts would make only a small dent in oil company profits while saving our country an estimated $40 billion over 5 years.

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