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Big Oil

Floor Speech

By: Judy Chu
By: Judy Chu
Date: May 5, 2011
Location: Washington, DC
Issues: Oil and Gas Taxes

Ms. CHU. In my home county of Los Angeles, hardworking, middle class families are struggling every day to put gas in their cars so that they can get to work and take their children to school. But I did a double take recently when I saw that a gas station in my district had the highest price per gallon in the country--almost $5 a gallon.

What is the Republican response? They just released their budget. It gives more tax breaks to Big Oil. They don't want to reward you for working hard. They want to reward ExxonMobil which made $34 billion last year in pure profits, more money than any other company in the world.

You are stuck paying over $4 a gallon for gas and the Republicans also want you to pay $4 billion in tax breaks for Big Oil?

Stop the $4 billion Republican giveaway. Let's make smart investments that will lower gas prices and put Americans back to work. It is time to say ``no'' to the GOP, the Grand Oil Party.


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