Ray LaHood Warns Sequester Will Cause Air Travel Delays
If it's disingenuous you're talking about, Exxon, Chevron, ConocoPhillips, are counting taxes (payroll taxes on the workers, sales taxes on the consumers) that they don't pay.
Exxon's income tax rate, for example, is below the 35% rate mandated by corporate tax law (but that most US companies don't pay thanks to generous loopholes in the tax code) - For the past six years Exxon's averaged about 29% according to security filings. Exxon certainly doesn't need the $4 billion a year it gets in tax breaks when we have a budget deficit.
So you work for the oil industry, do you?
Read the Article at HuffingtonPost
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