End to Big Oil Subsidies Makes a Full Deck for 100 Hours Agenda

by   |  January 19, 2007

Raise the minimum wage? Check. Allow the government to negotiate prescription drug prices? Check. Repeal subsidies to Big Oil? Check. In less than 50 hours of floor time, the House Democrats have passed all of the measures outlined by House Speaker Nancy Pelosi as part of the 100 Hours Agenda to help working families. Like Pelosi stated in The Huffington Post news site: “This is only the beginning” of the new direction America is taking. Yesterday, the House voted 264-163 to rescind $14 billion in tax breaks and subsidies that oil companies have enjoyed these last few years, garnering record profits while Americans felt the pain at the pump. The money will be put to good use: developing alternative energy projects and reduce our dependence on foreign oil. And with that, the House has kept its part of the bargain and its commitment to the millions of Americans who voted for change in November. Now the ball is on the Senate’s court. Let’s make sure these initiatives become reality.