Senate Democrats make argument for cutting subsidies to oil companies

"We believe that the question before us is not whether we should do any cutting, but what exactly should be cut," the senators wrote. "So, as you consider spending-cut ideas for the remainder of this fiscal year, we ask that you focus on cutting programs that are wasteful and inefficient, as opposed to those that help create jobs and spur economic growth."

Senate Majority Leader Harry ReidHarry ReidChris Murphy’s profile rises with gun tragedies Republicans are headed for a disappointing end to their year in power Obama's HHS secretary could testify in Menendez trial MORE (D-Nev.) and Sens. Dick DurbinRichard (Dick) Joseph DurbinGun proposal picks up GOP support Durbin: I had 'nothing to do' with Curbelo snub Republicans jockey for position on immigration MORE (D-Ill.), Charles SchumerCharles (Chuck) Ellis SchumerOvernight Health Care: Schumer calls for tying ObamaCare fix to children's health insurance | Puerto Rico's water woes worsen | Dems plead for nursing home residents' right to sue Crying on TV doesn't qualify Kimmel to set nation's gun agenda Trump knocks ‘fake’ news coverage of his trip to Puerto Rico MORE (D-N.Y.), Patty MurrayPatricia (Patty) Lynn MurrayChildren’s health-care bill faces new obstacles Overnight Health Care: Schumer calls for tying ObamaCare fix to children's health insurance | Puerto Rico's water woes worsen | Dems plead for nursing home residents' right to sue Schumer calls for attaching ObamaCare fix to children's health insurance MORE (D-Wash.), Bill NelsonClarence (Bill) William NelsonSenate panel approves bill to speed up driverless cars Dems plan to make gun control an issue in Nevada Overnight Cybersecurity: Trump proclaims 'Cybersecurity Awareness Month' | Equifax missed chance to patch security flaw | Lawmakers await ex-CEO's testimony | SEC hack exposed personal data MORE (D-Fla.), Bob MenendezRobert (Bob) MenendezOvernight Health Care: House passes 20-week abortion ban | GOP gives ground over ObamaCare fix | Price exit sets off speculation over replacement You want to recall John McCain? Good luck, it will be impossible Poll: Most in NJ want Menendez to resign if found guilty MORE (D-N.J.), Ben CardinBenjamin (Ben) Louis CardinOvernight Cybersecurity: Equifax CEO faces outraged lawmakers | Dem presses voting machine makers on cyber defense | Yahoo says 3 billion accounts affected by 2013 breach Key Dem: Did Kushner use private emails to talk with foreign governments? Dem senator pitches ideas for gun control after shooting MORE (D-Md.), Sherrod BrownSherrod Campbell BrownDems plan to make gun control an issue in Nevada Mandel leads GOP primary for Ohio Senate seat: internal poll Red-state Dems need more from Trump before tax embrace MORE (D-Ohio), Sheldon WhitehouseSheldon WhitehouseDem senator: 'How many lives must be lost before we act?' Sen. Manchin won’t vote for Trump’s mine safety nominee Overnight Regulation: SEC chief grilled over hack | Dems urge Labor chief to keep Obama overtime rule | Russia threatens Facebook over data storage law MORE (D-R.I.) and Kirsten GillibrandKirsten Elizabeth GillibrandChris Murphy’s profile rises with gun tragedies Overnight Energy: Dems take on Trump's chemical safety pick Dems lambaste Trump’s ‘outrageous’ EPA chemical safety pick MORE (D-N.Y.) argued that oil companies are posting record profits with Exxon reporting a 53 percent increase, "making it the company’s best quarter in years" and Chevron’s seeing a 72 percent increase in fourth-quarter income.

"The days of big oil companies making billions in record breaking profits while receiving billions in taxpayer-financed subsidies must end," the wrote. "It defies common sense to cut programs that are creating jobs, helping jumpstart our manufacturing sector and strengthening the middle class while protecting taxpayer-funded handouts to big oil companies that add little to our economic or energy security."

"The fact is, oil and gas companies are doing just fine while many Americans are still struggling to find work and support their families," they wrote.