Why does BIG OIL get billions in tax perks under the new Fiscal Cliff Deal and you have to pay more? Under the new law, you have to pay more payroll taxes! Doesn’t that enrage you? It should….
My guess you agree with Mother Jones Magazine on this — read below and comment.
Big Oil’s Billions in Tax Perks Survive Fiscal Cliff Deal
by Andy Kroll
“Everything was supposed to be “on the table” in the crafting of deal to avert the so-called fiscal cliff. But in the end, congressional Democrats and Republicans skipped over some of the most glaring tax perks and giveaways. Case in point: Congress didn’t touch billions of dollars a year in freebies to the oil and gas industry that pad the profit margins of companies such as ExxonMobil and BP….”