Thursday, December 15, 2005

ExxonMobil reports record-breaking profits and STILL gets tax breaks!

In the wake of Hurricanes Katrina, Rita, and Wilma, the Bush administration and Congress are struggling to pay for the needed but costly rebuilding efforts along America's Gulf Coast.

Meanwhile, ExxonMobil recently announced a record breaking $9.9 billion in quarterly profits, on top itÂ’s $25 billion in 2005 profits. Despite that success, Congress recently gave the oil and gas industry, including ExxonMobil, $10.7 billion in tax breaks. It simply does not make sense for taxpayers to subsidize an incredibly profitable multi-billion dollar industry while Congress slashes programs for the most needy.

That's why the Union of Concerned Scientists is joining a coalition of 21 groups demanding that ExxonMobil CEO Lee Raymond decline the recent federal tax breaks and subsidies. Many members of Congress have already stepped up and offered to cancel road building and other projects earmarked for their districts in order to fund hurricane relief projects.

Please urge ExxonMobil to be a responsible corporate citizen and decline the billions of dollars of unneeded tax breaks and subsidies. To learn more click here.
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Comment: This is unFREAKIN'believable.

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