There are conservative democrats. Ones that have consumers and producers as constituents.

“america is about making profits” — mary Landrieu (D) of louisiana

there are no liberal republicans.

“eliminating the tax deduction (…is…) economic illiteracy.” Rand Paul

Illiteracy

Mr. Paul can you understand the following?

It is widely accepted that a proportional change in taxes on profit affects neither the firm’s incremental costs or revenues, and therefore does not change its behavior with respect to output. Since output does not change, there is little reason to believe that the price of oil, or gasoline, consumers face will increase.

How Much

the 5 majors earned more than 32 Billion [32,000,000,000]in NET income in the first quarter (one fourth of the year). The tax break supplied them with about 6 Million [6,000,000] of that revenue. They still have a whole lot of pie to eat. Actually the tax is just crumbs off the floor. Crumbs that can’t drill one well, let alone find it, even in Alaska.