Video archive of the US Congress

Senate Proceeding 05-17-11 on May 17th, 2011 :: 3:54:40 to 3:58:40
Total video length: 5 hours 16 minutes Stream Tools: Stream Overview | Edit Time

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Patty Murray

3:54:37 to 3:54:59( Edit History Discussion )

Patty Murray: to be focused on yield back. the presiding officer: the senator's time has expired. the senator from washington. mrs. murray: thank you, mr. president. once again i come to the floor to encourage my colleagues to support the close big oil tax loopholes act. all across the country, people

Patty Murray

3:54:40 to 3:58:40( Edit History Discussion )
Speech By: Patty Murray

Patty Murray

3:55:00 to 3:55:20( Edit History Discussion )

Patty Murray: are talking about ways to rein in the debt and deficit. here in washington, d.c., we are having a discussion about the best ways to do that. i believe we should cut spending responsible civil while growing the economy and creating jobs for our middle-class workers. there are some difficult issues we have to work through, but the bill we have in front of us should be an easy one. it says that the biggest oil companies in the country should

Patty Murray

3:55:21 to 3:55:41( Edit History Discussion )

Patty Murray: not getting subsidies from american taxpayers. it says that the $2 billion a year we send to these hugely profitable companies should be used instead to pay down the deficit. i don't understand why this seems to be so controversial. the big oil companies are already making billions of dollars in profits from families

Patty Murray

3:55:42 to 3:56:02( Edit History Discussion )

Patty Murray: across the country who are paying sky-high prices at the pump. in fact, the five biggest oil companies have made nearly $1 trillion in profits in the last decade, and $36 billion profit just in the first three months of this year alone. it's not enough that they're making money hand over fist from families who are now paying sky-high prices.

Patty Murray

3:56:03 to 3:56:25( Edit History Discussion )

Patty Murray: they then come here before congress and make the outlandish claim that they need to be subsidized by taxpayers as well. it doesn't make any sense, and it's got to end. mr. president, budgets are more than just numbers on a page. they are about our priorities and our values as a nation. so i think before we cut spending in areas that will

Patty Murray

3:56:26 to 3:56:47( Edit History Discussion )

Patty Murray: impact our middle-class families and the most vulnerable among us, we should focus right now on cutting out wasteful subsidies to huge companies that don't need it. that's what this bill does. mr. president, i also want to talk about the high price families are paying for gas back in my home state and across the country. you know, i was recently back at

Patty Murray

3:56:48 to 3:57:08( Edit History Discussion )

Patty Murray: home with senator cantwell and we had the opportunity to meet with some local small business owners who talked about the impact of these skyrocketing prices of oil and gas and the impact on their businesses. they're hurting. these small business owners are already struggling to keep their doors open in these tough economic times, and every time prices go up at the pump, they are pushed one step closer to

Patty Murray

3:57:09 to 3:57:30( Edit History Discussion )

Patty Murray: the edge. that's why i believe as a country we need to move away from our dependence on foreign oil and towards a more secure, affordable clean energy future. it's why i've called for a crackdown on the speculation that is part of what pushes gas prices up and why i was so disappointed that the house republican budget slashed

Patty Murray

3:57:31 to 3:57:52( Edit History Discussion )

Patty Murray: funding for the commodity futures trading commission. that is the very agency that's charged with protecting us consumers from the excessive speculation in the markets. now, i think that gets to a big difference between our two parties today. democrats are here fight to go rein in the deficit by ending the wasteful subsidies that the biggest oil companies are

Patty Murray

3:57:53 to 3:58:14( Edit History Discussion )

Patty Murray: getting from the american taxpayer. republicans are fighting to cripple the agency that's charged with protecting middle-class families from being ripped off and preyed upon. so these are really two different approaches to tackling the deficit. i'm going to keep fighting to make sure our middle-class families are protected, and i urge our colleagues to support

Patty Murray

3:58:15 to 3:58:35( Edit History Discussion )

Patty Murray: this legislation that will put taxpayers and the middle class ahead of big oil. it will end the wasteful giveaways to oil companies and use that money to pay down the deficit in a responsible way. so i, too, want to thank senator menendez and mccaskill and tester and brown for their great work on this issue, and i hope we can finally put this to rest

Patty Murray

3:58:36 to 3:58:46( Edit History Discussion )

Patty Murray: and, mr. president, save taxpayers $21 billion over the next ten years. thank you, and i yield the

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