Are you questioning Obama?
RHETORIC: "Or why he voted to pass billions in Bush giveaways to the oil companies, but Hillary didn't."
REALITY: Outside Arbiters Have Repeatedly Pointed Out: Oil Bill Increase Taxes On Oil Industry, Included Numerous Obama Efforts to Increase Renewable Fuels
Fact Check: "We've Called Clinton On This Once Before... The Highly Publicized Energy Bill The President Signed In 2005 Raised Taxes Slightly On The Oil Industry As A Whole." Fact Check: "We've called Clinton on this once before. It's true that the Energy Policy Act of 2005 contained $14.3 billion in tax breaks, but most of those breaks were for electric utilities, nuclear power plants, alternative fuels research and subsidies for energy efficient cars and homes." Actually, the highly publicized energy bill the president signed in 2005 raised taxes slightly on the oil industry as a whole, according to the nonpartisan Congressional Research Service [FactCheck.org, 1/6/08; FactCheck.org, 7/25/07]
AP Fact Check: "Clinton Is On Shakier Ground" For Attack Obama On The 2005 Energy Bill Since The Congressional Research Service Showed That The Bill Actually Raised Taxes On The Oil And Gas Industry. The AP reported, "Clinton is on shakier ground when attacking Obama for supporting "Dick Cheney's energy bill," and not just because it's a stretch to assign the vice president name - red meat to Democrats - to the legislation. The 2005 act that she describes as packed with billions of dollars in oil industry breaks actually raised taxes on the oil and gas industry by about $300 million over 11 years, according to the Congressional Research Service. The nonpartisan analysis found $2.6 billion in tax cuts for the oil and gas industry and $2.9 billion in tax increases. The bulk of tax breaks went to other sources of energy, including alternative fuels favored by both Clinton and Obama." [AP, 2/15/08]
factcheck.barackobama.com |
