“We have to do something about the exorbitant gas prices, and the best way to start with that is to do something about the five big oil companies getting subsidies they don't need,” Reid said on the Senate floor Tuesday morning.
Democrats Say Gas Prices 'Not The Issue'
Democrats Admit Their Proposal ‘Will Not Reduce Gasoline Prices By One Penny,’ Say Price ‘Not The Issue’
Senate Dem: Bill ‘Was Never Intended To Talk About Lowering Prices’
SEN. CHUCK SCHUMER (D-NY): “This was never intended to talk about lowering prices.” (CNN’s “The Situation Room,” 5/11/11)
SEN. HARRY REID (D-NV): “So this is a question of fairness and a question of priorities. Certainly a question of economics. But it is not a question of gas prices.” (Sen. Reid, Floor Remarks, 5/16/11)
SEN. MAX BAUCUS (D-MT): “You know, this is not going to change the price at the gasoline pump. That’s not the issue. I don’t see that as an issue at all. The issue I see is who shares.” (U.S. Senate, Finance Committee, Hearing, 5/12/11)
SEN. MARY LANDRIEU (D-LA): “It will not reduce gasoline prices by one penny.” “I would just like to add my strong voice to urging my colleagues to read this bill, to look at it and understand the inherent unfairness in it, the lack of significant deficit reduction, and the fact that it will not, although it is being touted as, it will not reduce gasoline prices by one penny.” (Sen. Landrieu, Floor Remarks, 5/11/11)
SEN. MARK BEGICH (D-AK): “It won't decrease prices at the pump.” “There is a lot of talk right now about ending tax incentives for oil and gas industry, but the high profits right now of these companies are easy targets. But one thing Alaskans know, just because you have an easy target doesn't mean it is the right thing to shoot. It won't decrease prices at the pump for our families and small businesses. It will discourage companies, especially the independents, from domestic investment and job creation.” (Sen. Begich, Floor Remarks, 5/11/11)
SEN. CARL LEVIN (D-MI): “Nearly every independent analyst and even some from the oil industry itself tells us that this proposal will not alter the economic fundamentals that determine gasoline prices.” (Sen. Levin, Floor Remarks, 5/16/11)
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