John Thune

Claire McCaskill / Oil Company Tax Breaks
3:12 pm
Tue May 10, 2011

McCaskill on bill repealing tax breaks for oil companies

Sen. Claire McCaskill, D-Mo.
(Rachel Lippmann/St. Louis Public Radio)

Senator Claire McCaskill of Missouri is co-sponsoring legislation that would end tax breaks for the five largest oil companies in the U.S.

The Democrat-backed measure would cut off Shell, Exxon Mobil, Conoco Philips, BP and Chevron from $2 billion per year in subsidies. McCaskill says the savings would go to pay off the country’s spiraling deficit.

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