Where Do Biden and Palin Disagree on Subsidies and Tax Breaks for Oil Companies?
Where Do Biden and Palin Disagree on Subsidies and Tax Breaks for Oil Companies?Answer: During the 2008 vice presidential debate, in responding to Sarah Palin’s attacks concerning Barack Obama’s vote for the 2005 energy bill, Joe Biden said that “Barack Obama voted for it because it had … real incentives for alternative energy.” He also criticized Republican presidential nominee John McCain and Palin several times for “giving ExxonMobil [and other oil companies] another $4 billion tax cut” instead of lowering taxes on middle-class families. Palin responded to Biden’s pointed attack with an emphatic denial, saying “we’re not giving oil companies tax breaks,” but McCain’s energy and economic proposals tell a different story. The policies McCain has proposed during the campaign would continue to subsidize Big Oil to the tune of $33 billion [PDF] over the next five years. And according to
