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April 6th, 2011
The Government Fuels a Spending Inferno

ExxonMobil made $19B is profits (2009) It not only paid no federal income taxes, but RECEIVED a $156M rebate from the IRS, according to its SEC filings.

Chevron- the energy giant RECEIVED a $19M refund from the IRS last year after it posted $10B in profits (2009).

ConocoPhillips- 5th largest oil company in the US, made $16B in profits from 2007-2009, but RECEIVED $451M in tax breaks.

Valero 25th largest company in America with $68B in sales last year and RECEIVED a $157M tax refund CHECK from the IRS.

And these are just a few.

Also on the list was:

Bank of America



Goldman Sachs


Carvinal Cruise Lines 



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by Harry Webb

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