SJR31: Joint Resolution Text

LRB-2013/1

SRM:sbb&kjf:rs

2011 - 2012 LEGISLATURE

2011 Senate JOINT RESOLUTION 31

May 13, 2011 - Introduced by Senators Hansen, Wirch, Holperin, Lassa, Miller, Risser, Vinehout, Jauch, C. Larson, Taylor, Carpenter, Erpenbach and S. Coggs, cosponsored by Representatives Pasch, Hebl, Shilling, Turner, Clark, Pocan, Hulsey, Milroy, Berceau and Roys. Referred to Committee on Public Health, Human Services, and Revenue.

SJR31,1,2 Relating to: memorializing Congress to reintroduce and pass the Oil Industry Tax Break Repeal Act.

SJR31,1,3 Whereas, the price of motor fuel in Wisconsin is at or near record prices; and

SJR31,1,6 Whereas, hikes in the price of gasoline are severely squeezing the finances of all Wisconsin working families at a time when they can least afford to pay higher fuel costs; and

SJR31,1,8 Whereas, oil and gas companies reported record profits in 2010 and have again reported record profits in the first quarter of 2011; and

SJR31,1,10 Whereas, the 2011 first-quarter net income of Exxon Mobil alone increased 69 percent to $10.7 billion which is up from $6.3 billion one year ago; and

SJR31,1,13 Whereas, consumers ought not be forced to subsidize oil and gas companies record profitability a second time with special industry tax breaks and incentives; and

SJR31,2,2 Whereas, the federal government is debating ways to reduce the budget deficit, with high ranking members of the United States Congress advocating for the elimination of critical programs for seniors and persons with disabilities like Medicare and Medicaid; and

SJR31,2,5 Whereas, eliminating the $4 billion oil and gas companies currently receive in subsidies from the federal government would reduce the federal deficit and instead help fund other priorities like education and health care; and

SJR31,2,7 Whereas, there no longer exists a need to provide financial subsidies to oil and gas companies; and

SJR31,2,9 Whereas, the money spent on subsidies is better used to reduce the deficit and fund programs benefiting Wisconsin citizens; now, therefore, be it

SJR31,2,12 Resolved by the senate, the assembly concurring, That the members of the Wisconsin legislature urge members of the United States Congress to reintroduce and pass the Oil Industry Tax Break Repeal Act.

SJR31,2,13 (End)