Tuesday, May 08, 2012
Struggling New Mexicans to Rep. Pearce: Stop Supporting Tax Breaks for Big Oil
(LAS CRUCES) – New Mexicans who are struggling to fill their tanks today contrasted the high cost average New Mexicans are paying at the pump with Big Oil’s $137 billion in pure profits in 2011.
Standing under a billboard asking Rep. Steve Pearce to stop supporting tax breaks for the big-oil industry, average New Mexicans talked about their economic struggles. Since February of 2011, Pearce has voted 8 times to protect oil-industry tax breaks.
“It’s unreal – we pay high prices and the oil and gas companies get away with huge profits at our expense. What’s more? They also get $4 billion in tax breaks supported by Rep. Steve Pearce,” said Las Cruces resident Christian Gomez. “Imagine, that money could be used to do all sorts of things like help people with disabilities, especially our disabled veterans who struggle to find jobs in this economy."
The billboard, which is part of a multi-media effort sponsored in part by the Organizers in the Land of Enchantment (OLÉ) Education Fund, aims to call attention to how ordinary New Mexicans are paying the price for oil-company tax breaks and educate the public about politicians who are consistently voting to preserve tax breaks for an industry that raked in $137 billion in profits in 2011 alone.
"New Mexicans need to know that they are not only getting ripped off by high gas prices, they are also being robbed when they pay their taxes as incredibly profitable oil companies get away with billions in unfair tax breaks," said Las Crucen Gloria Gutierrez-Taylor. "This is money that could be going toward education and raising up our community.”
OLÉ Education Fund is a 501(c)3 non-profit organization committed to empowering and improving the economic well-being of working New Mexicans.