California Gas Prices Soar and Congresswoman Bono Mack Stands with Big Oil

Big Oil Has Contributed More than $130,000 to Bono Mack's Campaign

California Gas Prices Soar and Congresswoman Bono Mack Stands with Big Oil

 

Palm Desert, CA – California middle class families are facing record prices at the pump with a regular gallon of gasoline averaging about $4.67, almost 50 cents higher than a week ago. But Congresswoman has done nothing to lower gas prices, even complaining about them in an advertisement this week.  Instead, she voted to protect tax breaks for Big Oil companies that are posting record profits and voted against cracking down on Wall Street speculators that are manipulating the market and driving up gas prices for California families.

 

“Congresswoman Bono Mack has sold out hard-working middle class families in favor of the oil and gas companies that have contributed over $130,000 to her campaign,” said Dr. Raul Ruiz. “Gas prices have risen to almost five dollars, but Congresswoman Bono Mack hasn’t lifted a finger to provide relief at the pump – instead spending $82,000 in taxpayer funds for a leased luxury car while protecting billions in taxpayer subsidies to Big Oil companies that just don’t need it.” 


BACKGROUND

 

Congresswoman Bono Mack Took $136,025 From the Oil and Gas Industry. [OpenSecrets.org, accessed 10/11/12]

  

Gasoline Prices in California Set Record. “The average price of a gallon of regular gasoline in California reached $4.671. […] The price jump, the Energy Department said, left California motorists paying an average of 84.4 cents a gallon more than they were at this time last year.” [LA Times, 10/10/12]

 

Congresswoman Bono Mack Voted to Protect Taxpayer Subsidies for Big Oil. On May 5, 2011, House Republicans voted to bypass consideration of the Big Oil Welfare Repeal Act of 2011 (H.R. 1689), which would repeal key taxpayer-funded subsidies for oil and gas companies. [H Res 245, Vote #293, 5/5/11; The Hill, 5/4/11; CBS News, 5/4/11; Congressional Record, H3076, 5/5/11]

 

Congresswoman Bono Mack Voted to Make it Easier for Speculators to Manipulate Oil Prices. House Republicans voted against increasing the Commodity Futures Trading Commission budget by $11.8 million for enforcement against oil and gas speculators. [HR 2112, Vote #458, 6/16/11; Congressional Record, H4312, 6/16/11]

 

Congresswoman Bono Mack Voted for a Budget that Pads Big Oil’s Pockets with Senseless Subsidies. In April 2011, Congressman Denham voted for the FY12 Republican budget, which secured no deficit-reduction contribution at all from closing special interest tax breaks, such as tax breaks for big oil companies. [H Con Res 34, Vote #277, 4/15/11; Center for Budget and Policy Priorities, 4/20/11]