Despite Rhetoric, Cutting Oil Subsidies Would Have Little Effect on Gas Prices | Talking Points Memo

by Nicholas Kusnetz, ProPublica

Democrats renewed their push to cut oil subsidies this week, saying high gasoline prices and big revenues for oil and gas companies make this as good a time as any to eliminate billions in annual tax incentives to the industry. Republicans countered that higher taxes on oil companies would only mean higher prices for consumers.


This is a companion discussion topic for the original entry at https://talkingpointsmemo.com/?p=111632