Original Blog Entry: GOP House Chooses Big Oil Over Granny

jimmy4164 — Sat, 04 Jun 2011 20:26:12 GMT

Wait ... this late-breaking score is just in: 0. That's from the special tax game that ExxonMobil consistently wins in Washington. Last year, ExMo powered through loopholes created by its slick lobbying team to pay an income tax of zero on the $19 billion it had racked up in profits the year before. But, wait again, here's a surprising update on that score: Exxon's taxes were actually less than zero! How's that possible? Because Big Oil's lobbyists have so skewed the tax system that Exxon was able to extract a $156 million rebate from us taxpayers last year.

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