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Congressional Record United States Th of America PROCEEDINGS and DEBATES of the 112 CONGRESS, SECOND SESSION

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Congressional Record United States Th of America PROCEEDINGS and DEBATES of the 112 CONGRESS, SECOND SESSION E PL UR UM IB N U U S Congressional Record United States th of America PROCEEDINGS AND DEBATES OF THE 112 CONGRESS, SECOND SESSION Vol. 158 WASHINGTON, THURSDAY, MARCH 29, 2012 No. 52 Senate The Senate met at 9:30 a.m. and was from the State of New Mexico, to perform nies have made more than $1 trillion— called to order by the Honorable TOM the duties of the Chair. that is not billions; it is ‘‘T,’’ trillions. UDALL, a Senator from the State of DANIEL K. INOUYE, They have also taken home billions of New Mexico. President pro tempore. dollars in taxpayer subsidies—our Mr. UDALL of New Mexico thereupon money they have also taken—to add to PRAYER assumed the chair as Acting President those grossly exaggerated profits. They pro tempore. The Chaplain, Dr. Barry C. Black, of- get these subsidies they do not need. fered the following prayer: f You do not need to take my word for Let us pray. RECOGNITION OF THE MAJORITY it. Even oil executives admit an indus- Eternal God, our dwelling place in all LEADER try making hundreds of billions of dol- generations, help us to run when we lars in profits every year does not need The ACTING PRESIDENT pro tem- a handout from the American tax- can, to walk when we ought, and to pore. The majority leader is recog- wait when we must. payer. nized. Former Shell CEO John Hofmeister Give our lawmakers this day the wis- f said a decade of high gas prices is in- dom to follow Your guidance. Illu- centive enough for oil companies to minate them with Your Divine Light, SCHEDULE drill for more oil: providing them with a discernment Mr. REID. Mr. President, following My point of view is that with high oil greater than their own. Sustain them leader remarks, the Senate will resume prices, such subsidies are [totally] unneces- by the radiant vision of the ultimate consideration of the motion to proceed sary. triumph of Your truth. May they sense to S. 2230, the Paying A Fair Share We agree. So do almost 80 percent of Your presence and make this day one Act, with the time until 11:30 a.m. the American people. There is no rea- of constant inner conversation with equally divided and controlled between son for these companies—five compa- You. Lord, give them a productive day the two leaders or their designees. The nies last year made $137 billion—to as they cast their burdens on You. majority will control the first 30 min- need subsidies from the American tax- We pray in Your merciful Name. utes and the Republicans the next 30 payer. Amen. minutes. So today Senate Republicans are f The filing deadline for second-degree going to have a chance—another amendments to S. 2204 is 10:30 a.m. this chance, another opportunity—to show PLEDGE OF ALLEGIANCE morning. Americans where they stand on this The Honorable TOM UDALL led the At 11:30 a.m., there will be a cloture issue. I hope they will allow us to in- Pledge of Allegiance, as follows: vote on the Repeal Big Oil Tax Sub- voke cloture on this and to complete I pledge allegiance to the Flag of the sidies Act. this legislation today. They appear United States of America, and to the Repub- The Transportation bill expires at poised, however—what I have heard lic for which it stands, one nation under God, the end of this month, so that will have from my friends on the other side of indivisible, with liberty and justice for all. to be addressed before we leave this the aisle—to pick the pockets of Amer- f week. We are waiting to see what the ican taxpayers in order to line the House is doing. As I think a lot of peo- pockets of these oil executives. APPOINTMENT OF ACTING ple know, they have tried, the Repub- But unless we vote to repeal these PRESIDENT PRO TEMPORE lican leadership there has tried, to wasteful giveaways, the country will The PRESIDING OFFICER. The bring up a bill on two separate occa- spend another $25 billion over the next clerk will please read a communication sions. They had to bring it down be- decade making these rich oil compa- to the Senate from the President pro cause they did not have the votes to nies that much richer. tempore (Mr. INOUYE). pass what they wanted. So I assume The oil executives who benefit from The assistant legislative clerk read something will pass over there—I this bad policy—and the Republicans the following letter: guess. We have been waiting all week. who go to bat for them—want you to U.S. SENATE, I am confident they can scrounge up believe repealing taxpayer subsidies PRESIDENT PRO TEMPORE, 218 votes. will increase gas prices. It is not true. Washington, DC, March 29, 2012. f The only effective way to bring down prices at the pump is to reduce our re- To the Senate: BIG OIL SUBSIDIES Under the provisions of rule I, paragraph 3, liance on foreign oil. of the Standing Rules of the Senate, I hereby Mr. REID. Mr. President, over the We have made progress toward that appoint the Honorable TOM UDALL, a Senator past decade, the five major oil compa- during the Obama years. For almost ∑ This ‘‘bullet’’ symbol identifies statements or insertions which are not spoken by a Member of the Senate on the floor. S2187 . VerDate Mar 15 2010 04:56 Mar 30, 2012 Jkt 019060 PO 00000 Frm 00001 Fmt 4624 Sfmt 0634 E:\CR\FM\A29MR6.000 S29MRPT1 tjames on DSK6SPTVN1PROD with SENATE S2188 CONGRESSIONAL RECORD — SENATE March 29, 2012 the 4 years he has been in office, do- nologies such as solar, wind, advanced The assistant legislative clerk read mestic oil production has increased batteries, and even next-generation ve- as follows: every year, and America’s dependence hicles. We can give innovators the Motion to proceed to Calendar No. 339 (S. on foreign oil has decreased every year. tools they need to bring the next elec- 2230) a bill to reduce the deficit by imposing Everyone should hear again what I tric car or advanced solar panel from a minimum effective tax rate for high-in- said: During the Obama years, domes- the drawing board to the boardroom. come taxpayers. tic oil production has increased, de- As most everyone knows, my wife The ACTING PRESIDENT pro tem- pendence on foreign oil has decreased. has not been well, so I have not been pore. Under the previous order, the Last year, America used a lower per- going to Nevada as much as I had over time until 11:30 a.m. will be equally di- centage of foreign oil than at any time the 30 years I have been here. But I am vided and controlled between the two in almost two decades, thanks to Presi- going out this coming week because leaders or their designees, with the ma- dent Obama’s smart energy policies. she is doing much better. One of the jority controlling the first 30 minutes We have heard speeches in the last cou- people I am going to visit next week is and the Republicans controlling the ple days here in effect saying: Drill, a man by the name of Byron Georgiou, second 30 minutes. baby, drill. We are doing a good job. We who has developed a company for elec- Mr. LAUTENBERG. Madam Presi- cannot produce our way out of this tric cars. I am looking forward to that. dent, I ask unanimous consent that the mess we are in. America controls less They are a manufacturer there in Ne- order for the quorum call be rescinded. than 2 percent of the oil in the world. vada. It is programs like this that we The PRESIDING OFFICER (Mrs. We use more than 20 percent of it. And need. We need to give innovators the GILLIBRAND). Without objection, it is so even though we are doing better—and tools they need to bring the next elec- ordered. that is good—we must lessen our de- tric car, as we have in Nevada, or ad- BIG OIL SUBSIDIES pendence. We must become energy vanced solar panel from the drawing Mr. LAUTENBERG. Madam Presi- independent. And we can do that. board to the boardroom, and we can dent, I rise today in a moment when There are huge discoveries of natural pay down the deficit with the money America is in crisis, and I don’t think gas that the Republicans voted against that is left over. But we cannot do any we are paying appropriate attention to using. Can you imagine that? A bipar- of that if we continue to give taxpayer the problems that befall our society. tisan bill, Menendez-Burr, to use the dollars to the most profitable corpora- There are still too many people out of natural gas. We have more natural gas tions in the world—corporations that work, too many people who can’t afford reserves than any other country in the made, as I indicated, a record $137 bil- health care presently, and too many world. So we wanted to start a program lion in profits last year. It is easy to people who can’t educate their children here: Why don’t we use some of it? keep track of because there are only because they don’t have the means. Boone Pickens—by the way, who is not five of them, these multinational cor- They are struggling.
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