instead of taxing their windfall profits to help drivers, McCain wants to give them another 4 billion in tax breaks. After one president in the pocket of big oil, we can't afford another.
ANNOUNCER: Every time you fill your tank, the oil companies fill their pockets. Now, Big Oil's filling John McCain's campaign with 2 million dollars in contributions. Because instead of taxing their windfall profits to help drivers, McCain wants to give them another 4 billion in tax breaks. After one president in the pocket of big oil, we can't afford another.
Barack Obama: a windfall profits tax on big oil to give families a thousand dollar rebate. A president who'll stand up for you.
OBAMA: I'm Barack Obama and I approve this message.
1 comment
#1 Matthew Burton Aug 4, 2008 (edited by poster)
Re: "another $4 billion in tax breaks," this is somewhat misleading. This claim is derived from McCain's support of a tax cut for ALL companies, from 35% to 25%. Oil companies would benefit from this, but McCain's policy does not give them special treatment.
Re: McCain's $2 million from oil companies, I believe this article is the cited source. The numbers in the article only account for donations since May, but the numbers don't add up to 2 million. OpenSecrets has the tally at $1.3 million.
Obama has accepted $400,000 from the oil industry.