DeSmogBlog: Big Oil Rakes In Billions, Still Complains Taxes Are Too High

20080810-violin.jpg The President rolled out his FY2013 budget recently, which includes eliminating $40 billion in tax breaks from Big Oil companies, such as BP, Chevron, ConocoPhillips, ExxonMobil, and Shell. Meanwhile, the American Petroleum Institute's response would have you believe that cutting the subsidies would be the equivalent of moving back into their parents' basement. It's propaganda ...