Connect
Connect
Search
Stopping Tax Breaks for Big Oil
Clean Water Fund Launches $100,000 TV buy in Pueblo, Colorado about Congressman Tipton’s support for Big Oil tax breaks
Clean Water Fund, a Colorado citizen group, launched a $100,000 TV buy in Pueblo that highlights Congressman Scott Tipton’s support for tax breaks and subsidies for Big Oil companies. Rep. Tipton has supported tax breaks for Big Oil companies 6 times (see chart), subsidizing their $137 billion in profits while drivers in Pueblo and across Colorado are paying nearly $4/gallon for gas.
“Congressman Tipton’s support for tax breaks for Big Oil companies is just plain wrong,” said Gary Wockner of Clean Water Fund. “Big Oil made $137 billion in profits last year – Big Oil doesn’t need Tipton’s help to get even richer off the backs of drivers in Colorado who are struggling in this tough economy.”
The ad will air for 10 days throughout Southern Colorado.
A recent Wall Street Journal poll found that 74% of Americans want to stop giving tax breaks to Big Oil companies . At the same time, Big Oil companies spent $65.7 million lobbying Congress in 2011 to maintain the tax breaks and other industry friendly regulations.
| Date | Bill | Description | Vote |
| 2/18/11 | HR 1 | Representative Tipton voted against Amendment 119 to HR1, an effort to close special interest tax loopholes designed to repeal and recover the waste of nearly $53 billion in lost royalty revenues over the next 25 years. Representative Tipton voted “no” on House Vote 109. | No |
| 3/1/11 |
HJ Res. 44 | Representative Tipton voted against a Motion to Recommit the joint resolution, a short-term spending bill, to the Appropriations Committee with instructions that it be reported back with an amendment eliminating the use of funds for the tax benefit or tax relief for major oil and gas companies. | No |
| 4/15/11 | H. Con. Res. 34 | The 2011 Ryan budget promised to end “corporate welfare,” but didn’t cut tax breaks and subsidies for oil and gas companies. | Yes |
| 7/29/11 | S. 627 | Rep. Tipton defeated an amendment (183-244) to S. 627, that would have directed a bipartisan committee, tasked with allocating $1.8 trillion in deficit reduction, to prioritize the elimination of subsidies for major oil and gas companies. | No |
| 3/29/12 | H. Con. Res. 112 | In March of 2012, Tipton voted on the FY13 Ryan Budget to preserve oil and gas subsidies. | Yes |
| 4/26/12 | HR 4816 | In April 2012, Tipton voted against referring H.R. 4816, Stop the Rate Hike Act of 2012, to committee. H.R. 4816, would fund a cap on student loan interest rates by cutting oil subsidies. | No |