Report Shows The Oil Industry Benefits From $5.3 Trillion in Subsidies Annually

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Dennis Kaiser

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Most Americans should know by now that Republicans despise 'entitlements' that they errantly consider is anything Americans receive; even if it is theirs to begin with. They hate the idea of retired Americans receiving their Social Security and Medicare after paying into them their entire working lives, and they hate Americans working at slave-wage jobs receiving nutrition assistance because they earn too little to survive. What they do not hate, and indeed fight ferociously for, are taxpayer-funded entitlements that go to corporations in the form of tax loopholes and particularly entitlements for the oil industry in the form of subsidies.

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Dennis Kaiser is an author and consultant focusing on individual rights. As a US citizen Dennis is deeply concerned over how our nation has fallen from being productive and full of hope to one where that hope is being stripped from the majority (more...)