turned down the increase in tax on oil companies.

[DogsUp]

I think what people fail to keep in mind are two things:

1) Corporations and the wealthy will always find a way to avoid paying taxes. Until you close the loopholes in the tax code, nothing will change.

2) You can raise the tax on oil companies all you want. It will not matter. All the oil companies (or any company) will do is pass the extra cost they incurred back to the consumer. If you raise the tax on them 10%, they will raise their costs by 10%.