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Senate Proceeding on May 12th, 2011 :: 2:39:55 to 2:45:05
Total video length: 8 hours 26 minutes Stream Tools: Stream Overview | Edit Time

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Patty Murray

2:39:51 to 2:40:11( Edit History Discussion )

Patty Murray: the floor. mrs. murray: madam president? i have 1 unanimous consent requests for committees to meet during today's session of the senate. they have the approval of the majority and minority leaders. i ask unanimous consent these requests be agreed to and these requests be printed in the record. the presiding officer: without objection. mrs. murray: and i ask unanimous consent that carol bruce and brian solarz with the senate ethics committee be allowed privileges of the senate floor during today's session.

Patty Murray

2:39:55 to 2:45:05( Edit History Discussion )
Speech By: Patty Murray

Patty Murray

2:40:12 to 2:40:33( Edit History Discussion )

Patty Murray: the presiding officer: without objection. mrs. murray: thank you, madam president. madam president, i come to the floor today to support the close big oil tax loopholes act and to talk about the devastating effect that high prices at the pump are having on families in my home state of washington. madam president, middle-class families and small business

Patty Murray

2:40:34 to 2:40:54( Edit History Discussion )

Patty Murray: owners are still struggling. you know, our economy is just starting to turn around, but so many families are still fighting just to stay in their homes. and so many small business owners are still struggling to keep their doors open. and so many workers are still desperately trying to get back on the job.

Patty Murray

2:40:55 to 2:41:16( Edit History Discussion )

Patty Murray: and all of this is happening while we are here debating in congress about the best ways to cut spending responsibly and rein in the deficit. this is a serious issue. we need to get it done. but i feel very strongly that before we make budget cuts that slash support for our middle-class families, we should

Patty Murray

2:41:17 to 2:41:37( Edit History Discussion )

Patty Murray: look at ways to responsibly reduce the deficit that doesn't hurt the families that are struggling the most. and to me, one of the most commonsense actions we can take is to end the wasteful subsidies that we, the taxpayers, are forced to hand over to the big oil companies every year. it's a no-brainer.

Patty Murray

2:41:38 to 2:41:58( Edit History Discussion )

Patty Murray: anyone who's serious about reducing the deficit should support this effort. it really is as simple as that. the big oil companies are already making billions of dollars in profits from families in america who are paying now sky-high prices at the pump. in fact, the five biggest oil

Patty Murray

2:41:59 to 2:42:20( Edit History Discussion )

Patty Murray: companies have made nearly a trillion dollars in profits. a trillion dollars in profits in the last decade. and $36 billion just in the first three months of this year alone. but the big oil companies aren't just making money hand over fist from families paying high -- sky-high prices at the pump. they also have the gall to come

Patty Murray

2:42:21 to 2:42:41( Edit History Discussion )

Patty Murray: back to those same taxpayers and demand billions more in subsidies that add directly to their profits. it doesn't make any sense and it has to end. so i think my colleagues here in in the senate who oppose this legislation need to explain to the american people why they think big oil companies need even bigger profits. and why they think american

Patty Murray

2:42:42 to 2:43:02( Edit History Discussion )

Patty Murray: taxpayers should continue to pad their coffers with unwarranted subsidies at the very time we are fighting to rein in the deficit. but, madam president, in addition to ending those wasteful subsidies to the big oil companies, we also have to act to end the speculation that is a big part of what's pushing prices at the pump higher and

Patty Murray

2:43:03 to 2:43:24( Edit History Discussion )

Patty Murray: higher. you know, at a time when our household budgets are already stretched so thin, speculators continue to drive up those prices and the volatility in the oil markets. that's why -- one of the reasons why i was so angry and disappointed that the house republicans' budget proposal slashed the funding for the commodity futures trading commission.

Patty Murray

2:43:25 to 2:43:45( Edit History Discussion )

Patty Murray: that is the very agency that is charged with protecting consumers from excessive speculation in the markets. how can they do their job and protect consumers if they're not there? so i think that says a lot about our very different priorities here in congress. the house majority has pushed to slash spending by crippling agencies that middle-class

Patty Murray

2:43:46 to 2:44:06( Edit History Discussion )

Patty Murray: families depend on for basic protections while democrats are here trying to reduce the deficit responsibly by ending subsidies for the big oil companies that don't need them. so i urge our colleagues to put taxpayers and the middle class ahead of big oil, to end those wasteful giveaways to oil companies and to use that money to pay down the deficit in a

Patty Murray

2:44:07 to 2:44:30( Edit History Discussion )

Patty Murray: responsible way. and i really want to thank senators menendez and mccaskill, tester and brown for their great work on this issue. so once again, madam president, i support the "close big oil tax loopholes act," and i'm going to keep fighting to end the oil and gas speculation that is hurting so many families in my home state of washington and across the country. thank you, and i yield the

Patty Murray

2:44:31 to 2:44:51( Edit History Discussion )

Patty Murray: floor. a senator: madam president? the presiding officer: the senator mr. blumenthal: thank you, madam president. i want to thank the senator from washington state for her leadership on this issue and for her eloquent remarks just now as well as other senators who have championed this cause, as i

Patty Murray

2:44:52 to 2:45:05( Edit History Discussion )

Patty Murray: have, over years when we have fought rising gasoline prices in the state of connecticut relentlessly and tirelessly and now rise here in support of

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