Categorized | Energy, Government, News

Akaka votes to end tax breaks for big oil companies

MEDIA RELEASE

WASHINGTON, D.C. — U.S. Senator Daniel K. Akaka (D-Hawaii) voted today in support of the Close Big Oil Tax Loopholes Act. The motion to proceed was 52-48; a 60 vote threshold was required therefore the bill did not advance.

“Gas prices in Hawaii are the highest in the nation,” noted Senator Akaka. “With the economy still turning around, working families in Hawaii have had to cut back while oil companies report record profits. These oil companies clearly do not need billions of dollars in yearly government handouts. Instead, we should encourage development of domestic, renewable energy sources that keep money in our local communities, support green jobs, result in cleaner air, and improve national security. The Close Big Oil Tax Loopholes Act would have ended these wasteful and unfair oil company giveaways and helped to reduce our deficit.”

One Response to “Akaka votes to end tax breaks for big oil companies”

  1. rangster says:

    Gas prices. Right.

    The 70’s oil crisis taught us all we needed to know. Status quo, fiddle and burn. Iceland survived economic collapse with geothermal. Hawaii should be 150% geothermal, powering hydrogen production, to fuel ships.

    How hard is that?

    Well, plenty. But we gotta do it. Get ready Heco and Pub Util Comm, you got a tough road ahead.

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