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Oil Subsidies

Senate Roll Call No. 72
112nd Congress, 1st Session

Rejected: 52-48 (see complete tally)

Senator Robert Menendez (D-NJ) sponsored S. 940, the Close Big Oil Tax Loopholes Act, which would close tax loopholes for oil companies, since their outsized profits make it clear that they do not need taxpayer handouts.  At a time when our fiscal situation is prompting cuts to critical programs, including environmental and clean energy investments, our government should not be subsidizing massive oil companies that reported profits of nearly $1 trillion during the past decade.  On May 17, the Senate failed to achieve the 60-vote threshold needed to pass a motion to proceed to the consideration of S. 940.  The motion failed on a 52-48 vote (Senate roll call vote 72).  YES IS THE PRO-ENVIRONMENT VOTE.

Vote Map: Senate Roll Call No. 72
Votes For : 52
Votes Against : 48


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