Modern day corruption in action…see if you can follow the quid pro quo.
There was a vote to end subsidies for $24 BILLION in taxpayer subsidies to the 5 largest oil producers which earned the equivalent of almost $1 trillion profits over the past decade (source). We wrote about this vote HERE and HERE. Well – the legislation failed and surprise-surprise….oil companies are bending over backwards to reward those Senators and Senate Candidates who voted on their behalf either in the Senate or House. They spent $116,000 on these candidates which is a blip on the radar relative to their overall profits…but ensures they get preferential treatment from the elected officials they are currently leasing.
Republican Senators Received 98% of Oil SuperPAC $ in April of 2012.
Public Campaign brings us this – article HERE:
- Sen. John Barrasso (R-Wyo.) received $7,500, with $2,500 from the American Petroleum Institute PAC and $5,000 from ConocoPhillips PAC in April.
- Sen. Scott Brown (R-Mass.) received $6,500, with $2,500 from the American Petroleum Institute PAC, $2,500 from Exxon PAC, and $1,500 from ConocoPhillips PAC.
- Sen. Roger Wicker (R-Miss.) received $5,000 from the Exxon PAC.
- Sen. Dean Heller (R-Nev.) received $3,000 from Exxon PAC.
- Sen. John Cornyn (R-Texas) received $1,000 from the BP PAC (April was also the second anniversary of BP’s Deepwater Horizon disaster).
- Sen. Lisa Murkowski (R-Alaska) received $1,000 each from the Exxon and BP PACs.
- Sen. David Vitter (R-La.) received $1,000 from the Exxon PAC.
- Rep. Rick Berg (R-Mont.), who has voted to maintain oil subsidies in the House, received $10,000 in contributions from these PACs.
- Former Sen. George Allen (R-Va.) received $5,000 in contributions.
- Ohio State Treasurer Josh Mandel (R-Ohio), collected $5,000.
- Former Rep. Heather Wilson (R-N.M.) received $6,000 in contributions.
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