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Poll Says Small Biz Support Ending Gov’t. Subsidies To Oil & Gas Companies

[ 0 ] Jun. 18, 2012 | SBO Editor

Small business owners strongly support ending government subsidies to gas and oil companies, with 73 percent agreeing tax breaks for oil and gas companies should be eliminated and 60 percent supporting the idea even if it means a small increase in gas prices, according to opinion polling recently released by Small Business Majority.

The polling, which was conducted in six states (Ohio, Michigan, Pennsylvania, Colorado, Virginia and Nevada), comes on the heels of a statement President Obama made urging Congress to end tax breaks to the largest oil companies. Despite this strong support, the Senate failed to pass a bill that would do just that in a 51-47 vote in March. The majority of senators stood with small businesses to end subsidies, however a 60-vote majority was needed to pass the bill.

“Large oil and gas companies have been and continue to post record profits, while our primary job creators are struggling to stay afloat,” said John Arensmeyer, founder and CEO of Small Business Majority. “Instead of providing tax breaks to these large firms we should be focusing on measures that will directly benefit small businesses competing in a modern, innovative, clean energy-based 21st Century economy. Lawmakers need to start listening to what small business owners are saying and act accordingly.”

Additional findings include:

  • 41 percent strongly favor eliminating subsidies, while only 10 percent strongly oppose
  • 32 percent strongly favor eliminating subsidies even if it means an increase in gas prices, while only 18 percent strongly oppose

Small Business Majority is a national small business advocacy organization, founded and run by small business owners, to support America’s 28 million small businesses.

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Category: Features