The Barefoot Accountant comments on the testimony of the CEOs from the top 5 oil companies before the Senate Finance Committee.
James Mulva, Conoco Phillips Chairman & CEO, defends his company's statement that anyone who opposes thease $4 billion tax subsidies for the big oil companies is "un-American". Isn't James Mulva and the big oil companies un-American for not paying their fair share of taxes? Did you know that the big oil companies have been paying a lower effective tax rate than the average American on their income?
For more on this story and other rip-offs of middle class Americans, visit the Barefoot Accountant at http://www.cpa-connecticut.com/blog/.