I Just Paid My Taxes, You're Welcome Big Oil

When you fill out your tax forms this year, remember to thank big oil. Thanks to the oil lobby, the US government won't be collecting between $20-$80 billion (yes that's with a b) worth of taxes that they would otherwise owe. Yup, 10 years ago, Congress voted to help subsidize Gulf of Mexico drilling. In all the time since, Congress & the administration has sworn up and down that the subsidy wouldn't cost a thing.

Well, apparently they were . . . oh, let's be generous, let's say they were simply mistaken (surely the administration would not lie to the American public!).

So who gets to make up that $20 - $80 billion to the government? Like I said, thank big oil when you fill out your tax forms.