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House Speaker John Boehner says he’s open to calls from the White House to curb some of the $4 billion in oil and gas subsidies and tax incentives, as Washington continues to feel the heat over high gas prices.
Oil and gas producers are “gonna pay their fair share in taxes and they should,” Boehner told ABC News.
“I don't think the big oil companies need to have the oil depletion allowances. But for small, independent oil and gas producers — if they didn't have this — there'd be even less exploration in America than there is today.”
If Boehner had any balls (which he doesnt) he should pursuit ending all subsidies and let every industry stand on their own two feet. Killing the welfare state includes corporate welfare as well. In addition ending their tax breaks will just make things worse. Its pathetic how every scumbag in DC (with the exception of one house member) turns to bull**** class warfare populism during tough times.
John Boehner: Oil companies should pay their 'fair share' - Darren Goode - POLITICO.com