This week, the U.S. Senate voted on S. 940, a bill that would have reduced government spending by tens of billions of dollars simply by eliminating federal subsidies to big oil corporations. Those corporations make immense profits, partly by selling products made with petroleum at increasingly high prices. These corporations simply don’t depend on government subsidies, and the American people can’t afford to give so much money to big oil companies, what with the price of gasoline so high.
If ever a piece of legislation should have passed, this was it. It would have helped reduce the deficit, encouraged private enterprise, and ended public support for dirty, inefficient sources of energy. Yet, the legislation failed. Every single Republican in the Senate voted against this spending reduction plan.
Senator Landrieu has taken $794,844 from the oil and gas industry.
Senator Begich, with his shorter career, has taken $140,055.
Senator Nelson has taken $230,055.
These are just the direct, reported donations. Indirect donations, such as independent expenditures, bring these transfers of money much higher.