Wicker Calls Yarmuth’s Gas Rebate Act ‘Snake Oil Ploy’

In a message to supporters, Republican congressional candidate Brooks Wicker dismissed Democratic Congressman John Yarmuth’s bill to end federal subsidies for oil companies and return the savings to motorists, claiming it is a “snake oil ploy” for his re-election bid. The three-term congressman unveiled the Gas Rebate Act of 2012 on Monday as a way… Continue reading Wicker Calls Yarmuth’s Gas Rebate Act ‘Snake Oil Ploy’

Yarmuth Bill to End Oil Subsidies, Return Cash to Motorists

Echoing President Barack Obama’s call to close tax loopholes for the oil and gas industry, U.S. Rep. John Yarmuth, D-Ky., unveiled a bill Monday that will end federal subsidies to oil companies and return the savings to American motorists. The Gas Rebate Act of 2012 would take the nearly $40 billion in savings from closing… Continue reading Yarmuth Bill to End Oil Subsidies, Return Cash to Motorists