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. >> reporter: if all the tax credits that are available to most businesses were taken away from the...
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