Small Business Owners Want to End Oil and Gas Subsidies, Even if Gas Prices Rise

Posted by Frank Knapp on Mar 29 2012

Small business owners strongly support ending government subsidies to gas and oil companies, with 60 percent supporting the idea even if it means a small increase in gas prices, according to opinion polling released today. These polling results support the policy position taken by American Sustainable Business Council to encourage renewable energy and reduce dependence on coal, oil, and gas. ASBC has opposed the Keystone XL pipeline and supported the EPA’s authority to regulate the pollution that causes climate change.

  • 41 percent strongly favor eliminating subsidies, while only 10 percent strongly oppose
  • 32 percent strongly favor eliminating subsidies even if it means an increase in gas prices, while only 18 percent strongly oppose

The polling was conducted by Small Business Majority last week in Ohio, Michigan, Pennsylvania, Colorado, Virginia and Nevada.  It follows President Obama’s call for Congress to end tax breaks to large oil companies. Despite Obama’s support, the Senate killed a bill that would end tax breaks in a 51-47 vote Thursday. (The majority of senators stood with small businesses to end subsidies, however a 60-vote majority was needed to pass the bill.)

March 29, 2012

Frank Knapp, Jr. is President & CEO of the South Carolina Small Business Chamber of Commerce. Cross-posted at www.unconflictedsc.com.

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