2008-10-30 tax breaks for big oil

2008-10-30 Steve Benen The Washington Monthly \John McCain\2008 US presidential race\oil addiction\ExxonMobil http://www.washingtonmonthly.com/archives/individual/2008_10/015443.php tax breaks for big oil tax breaks for big oil  The AP reports, "Republican presidential candidate John McCain seized on reports of record oil company profits Thursday to criticize Democratic rival Barack Obama for favoring tax breaks for the oil industry." That's not a typo or an editing error. The McCain campaign saw ExxonMobil's record-breaking profits as grounds to go after Obama for support tax breaks for Big Oil. Honestly, how does one respond to something like this? By pointing out the $1.2 billion tax break McCain wants to give to ExxonMobil? By noting the $4 billion in tax breaks McCain supports for America's largest oil companies? By highlighting the fact that McCain's energy policy reflects Big Oil's wish list? By reminding folks of McCain's abysmal record on alternative energy solutions? By mentioning that McCain's campaign is being run and financed by lobbyists for the oil industry?

&ldquo;The McCain campaign saw ExxonMobil's record-breaking profits as grounds to go after Obama for supporting tax breaks for Big Oil.&rdquo;   