House Speaker John Boehner (Ohio-Rep.) announced Monday that Congress should consider cutting the $4 Billion in subsidies and tax incentives oil companies currently receive.
Boehner told "ABC World News" the government is low on revenues and oil companies "ought to be paying their fair share." Boehner said he was confident that Obama would lose the 2012 election if gas prices were $4 or $5 per gallon.
Obama unsuccessfully fought against big oil during the last Congress; wanting the money to go towards green energy alternatives and research. Congress ignored Obama’s request.
Oil companies argue that abolishing tax incentives would cost jobs and increase our dependence on foreign oil.
Why the sudden about face from the Republicans who are traditionally pro oil company?
With oil up to $110 per barrel, and average gas prices going past $4.00 per gallon, American’s are fed up. The Republicans are listening and possibly see an opportunity to help them in 2012.
Are Boehner and the Republicans trying to win over American voters by taking on the oil companies? Perhaps Obama didn’t make take his fight against big oil loud enough. If Congress agrees with Boehner, and America finally gleans taxes from big oil—the Republicans would be hailed as heroes.
The Republican argument that Obama is a poor leader may have some merit if Boehner prevails against big oil.
How can the Democrats save face if the proposal by Boehner passes?