Washington, DC - West Virginians and Ohioans will welcome "Exxon John" McCain to their states today and discover that, when it comes to cash and connections, "Exxon John's" ties to Big Oil run deep. Both McCain's chief of staff and the deputy chair of the RNC are former Exxon lobbyists, and McCain received almost $55,000 in contributions from Exxon employees and Exxon's PAC. For their loyalty, "Exxon John" wants to give the oil giant a $1.2 billion tax cut, on top of the record $11.68 billion in earnings Exxon reported for the second quarter of 2008. In fact, "Exxon John's" energy "plan" would lavish the five largest American oil companies with $3.8 billion in tax cuts.
It's clear that just like George W. Bush and Dick Cheney, "Exxon John" is more interested in lining the pockets of Big Oil than offering real solutions to America's energy crisis.
To learn more about John McCain's ties to the oil industry and their lobbyists, visit http://www.youtube.com/watch?v=0VMfcOIegcs to see the DNC's latest web video, "Puppetmasters."
MCCAIN'S TIES WITH EXXON
MCCAIN WANTS TO GIVE $1.2 BILLION IN TAX BREAKS TO EXXON DESPITE HUGE PROFITS
Exxon Mobil Posted a Record $11.68 Billion in Earnings in the 2nd Quarter. "Exxon Mobil Corp. posted second-quarter earnings of $11.68 billion, once again topping its own record for the biggest three-month profit ever by a U.S. corporation… Exxon's second-quarter net income was 14% higher than the $10.26 billion it earned in the same quarter last year." [Los Angeles Times, 8/1/08]
McCain's Corporate Tax Cut Would Save Exxon Mobil $1.2 Billion. According to the Center For American Progress' Analysis, Exxon/Mobil would save as much as $1.2 Billion under McCain's corporate tax cut. "The centerpiece of Sen. McCain's plan to stimulate the economy -- actually, the whole plan)-- is large tax cuts for corporations. It would deliver $3.8 billion in tax cuts to the five largest American oil companies, according to an analysis released today by the Center for American Progress Action Fund." [Work Room, Thinkprogress.org, 3/27/2008]
EXXON'S PAC AND EMPLOYEES GAVE ALMOST $55,000 TO McCAIN
McCain Received Almost $55,000 in Contributions from Exxon Employees and Exxon's PAC. McCain received $54,336 in contributions from Exxon Mobil employees and its PAC. [Political Moneyline, Accessed: 8/5/08]
McCain Staffer-Turned Lobbyist-Turned McCain Senate Chief of Staff Mark Buse Lobbied for Exxon. In early 2008, McCain hired as his Senate chief of staff Mark Buse, who had served as McCain's staff director on the Commerce Committee "in the late 1990s and early 2000s," and who was until fall 2007 "a lobbyist for ML Strategies." From 2006 until 2007, Buse lobbied the federal government on behalf of Exxon Mobil, earning his firm $560,000 in lobbying fees from the oil giant. Buse lobbied on issues pertaining to renewable fuels, the energy savings act, climate stewardship act, climate change, cap & trade, and S.3711, the Gulf of Mexico Energy Security Act. [ML Strategies/Exxon Lobbying Disclosures, Senate Office of Public Records; Washington Post, 2/22/08]
Donatelli Lobbied on Behalf of Exxon in 1999. Donatelli lobbied for Exxon in 1999 on "educational efforts pursuant to merger activities." At the time Exxon was in the middle of an $82 billion merger with Mobil Exxon paid his firm $780,000 in lobbying fees for the year. [Exxon Lobbying Disclosures, Senate Office of Public Records]