The Senate voted 92-4 to begin the discussion on the Repeal Big Oil Tax Subsidies Act of 2012 on Monday.
The Act is to end the government subsidies to the "Big 5" oil companies, BP, Exxon, Royal Dutch Shell, Chevron, and ConocoPhillips.
The oil companies are half public in nature. Their price gauging affects the entire economy. It is high time that we need to stop rewarding their corruption cases. The revenues of the oil companies goes up as the gas prices go up. Our tax money should not be spent on their ads that is used to raise gas prices.
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