• The Heritage Network
    • Resize:
    • A
    • A
    • A
  • Donate
  • House Rewards Chavez For Not Producing Oil

    We know liberals in Congress are sympathetic to Hugo Chavez leftist agenda, but cutting him a tax break is a little over the line. Yesterday, the House passed an energy bill that raised taxes on American oil and gas companies. Notice the emphasis on ‘American.’ What should surprise everyone is that Citgo, Chavez’ personal ATM that operates in the U.S., is still getting a 6 percent tax break for domestic manufacturing that Exxon, Chevron, BP, Conoco-Phillips and Shell will all loose. How is this possible?

    The House figures that since Petroleos de Venezuela, doesn’t actually produce any oil and gas in the U.S, they just refine and distribute it, they shouldn’t have to face the punitive taxation that the House wants to inflict on U.S. oil producers. So just at a time when oil is reaching over $100 a barrel liberals want to decrease domestic production and give Chavez a financial leg up on his U.S. competitors. All this so the House can pat itself on the back for “doing something” about global warming.

    Posted in Energy [slideshow_deploy]

    2 Responses to House Rewards Chavez For Not Producing Oil

    1. Pingback: Michelle Malkin » A tax break for Hugo Chavez?!

    2. Pingback: Right Voices » Blog Archive » The Democrats Pledge Their Allegience To The Flag Of The Socialist State Of Hugo

    Comments are subject to approval and moderation. We remind everyone that The Heritage Foundation promotes a civil society where ideas and debate flourish. Please be respectful of each other and the subjects of any criticism. While we may not always agree on policy, we should all agree that being appropriately informed is everyone's intention visiting this site. Profanity, lewdness, personal attacks, and other forms of incivility will not be tolerated. Please keep your thoughts brief and avoid ALL CAPS. While we respect your first amendment rights, we are obligated to our readers to maintain these standards. Thanks for joining the conversation.

    Big Government Is NOT the Answer

    Your tax dollars are being spent on programs that we really don't need.

    I Agree I Disagree ×

    Get Heritage In Your Inbox — FREE!

    Heritage Foundation e-mails keep you updated on the ongoing policy battles in Washington and around the country.