Barbour: Democrats view oil industry as their ‘whipping boy’

Barbour: Democrats view oil industry as their ‘whipping boy’

A proposal by Senate Democrats to strip tax breaks for the largest oil companies will do little to reduce the deficit, and the plan shows that Democrats view the oil industry as their “whipping boy,” Mississippi Gov. Haley Barbour (R) said Thursday.

Democrats have positioned their bill to slash oil tax breaks for five major oil companies as a deficit-reduction measure, arguing it would save $21 billion over 10 years, or about $2 billion a year.

The Hill
6/2/11