New Radio Ad: While New Mexicans suffer at the pump, oil and gas industry gets huge tax breaks
This week, Progress Now New Mexico Education Fund Launched a radio ad calling attention to the $4 billion in tax breaks the oil and gas industry enjoys despite making $137 billion in profits last year alone.
“So many New Mexicans are feeling the pain at the pump,” said Progress Now New Mexico Executive Director Pat Davis. “It’s outrageous to learn that big oil companies are not only making $137 billion in profits they are also getting $4 billion in tax breaks.”
The ad, “Pain at the Pump,” also calls attention to Representative Steve Pearce, who has voted eight times since February of 2011 to preserve these oil company tax breaks.
This ad is a major regional buy and is airing on radio stations in south-central New Mexico.
Read more about the tax breaks big oil gets from taxpayers (jump to p. 52 of the report).
Pain at the pump
When I fill my tank and see gas at nearly $4 dollars a gallon, I get angry.
This is Idalia and I am a New Mexican – just like you – and I’m struggling to get by.
But, do you want to know what truly gets me?
The fact that the oil and gas industry made $137 billion dollars in pure profits last year and got more than $4 billion dollars in tax breaks.
Can you believe it? $137-billion dollars in profits while we struggle to fill our tanks.
That means you and I pay the oil companies twice – we pay them at the pump and we pick up their bill on Tax Day – when we cover their $4-billion-dollar tax break.
Sadly, Representative Steve Pearce has consistently voted to protect these tax breaks for big oil while we get stuck with the bill.
I wish Steve Pearce would stop supporting tax breaks for the big oil companies.Paid for by the Progress Now New Mexico Education Fund.