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Detailed text transcripts for TV channel - FOXNEWS - 20110510:15:45:00

$1.8 billion a year from, tax dollars that they get benefitted back. there is the foreign tax credit for which the oil industry gets about $800 billion a year in tax breaks. so what democrats are essentially arguing is time to take this away. i think we have a couple of sound bytes from some of the participants. >> if the big five oil companies could just live with $123 billion in profits in 2011 they could pay their fair share in taxes, help lower the deficit and not raise the price of gasoline...
Oil Industry Tax Breaks Tax Credit Tax Dollars 00 Billion 800 Billion

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