Saturday, April 30, 2011

Two numbers

Two simple facts.

One. Exxon-Mobil’s first quarter earnings are $10.7 billion (up 69 percent from last year).

Two: The oil industry has a $4 billion annual tax subsidy from the U.S. government.

If you ask me, there's a nice bit of revenue right there ... assuming you really care about the deficit.



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