GOP Blocks Measures Boosting Taxes on Oil Companies' Profits
....The actions of Republicans hashing out a tax bill behind closed doors indicate that, despite tough talk from the White House and Capitol Hill, the party is not ready to hit the oil companies hard -- even on measures that have broad support in the Senate.This has just been handed to the Ds on a silver platter. Why do I feel they work hard to fail in hanging this around the GOP neck like an albatross?
House Majority Leader John A. Boehner (R-Ohio) made it clear yesterday that the leadership would only go so far in punishing an industry enjoying record-breaking profits if that punishment could have broader negative consequences. In January, Exxon Mobil Corp. alone reported the highest corporate profit in U.S. history: $10.71 billion for the fourth quarter of 2005 and $36.13 billion for the entire year.