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 Mason ReidSeven big decisions facing Biden in 2020 primary Senate buzzsaw awaits 2020 progressive proposals Sanders courts GOP voters with 'Medicare for All' plan MORE (D-Nev.) and Sens. Dick DurbinRichard (Dick) Joseph DurbinDurbin calls Mueller report findings on Trump team 'troubling' Congress opens door to fraught immigration talks McConnell: 'Past time' for immigration-border security deal MORE (D-Ill.), Charles SchumerCharles (Chuck) Ellis SchumerMJ Hegar announces Texas Senate bid Hillicon Valley: House Dems subpoena full Mueller report | DOJ pushes back at 'premature' subpoena | Dems reject offer to view report with fewer redactions | Trump camp runs Facebook ads about Mueller report | Uber gets B for self-driving cars Dem legal analyst says media 'overplayed' hand in Mueller coverage MORE (D-N.Y.), Patty MurrayPatricia (Patty) Lynn MurrayOvernight Health Care: Dem chairs to meet with progressives on drug pricing | Oregon judge says he will block Trump abortion rule | Trump vows to 'smash the grip' of drug addiction | US measles cases hit post-2000 record Hillicon Valley: Washington preps for Mueller report | Barr to hold Thursday presser | Lawmakers dive into AI ethics | FCC chair moves to block China Mobile | Dem bill targets 'digital divide' | Microsoft denies request for facial recognition tech Dems introduce bill to tackle 'digital divide' MORE (D-Wash.), Bill NelsonClarence (Bill) William NelsonTrump administration renews interest in Florida offshore drilling: report Dem reps say they were denied access to immigrant detention center Ex-House Intel chair: Intel panel is wrong forum to investigate Trump's finances MORE (D-Fla.), Bob MenendezRobert (Bob) MenendezWe can accelerate a cure for Alzheimer's The Hill's 12:30 Report: Manafort sentenced to total of 7.5 years in prison Acting Defense chief calls Graham an 'ally' after tense exchange MORE (D-N.J.), Ben CardinBenjamin (Ben) Louis CardinOnly four Dem senators have endorsed 2020 candidates Senate Dem: Trump 'using immigrants as pawns' Bottom Line MORE (D-Md.), Sherrod BrownSherrod Campbell BrownOn The Money: Treasury misses second Dem deadline on Trump tax returns | Waters renews calls for impeachment | Dem wants Fed pick to apologize for calling Ohio cities 'armpits of America' | Stocks reach record high after long recovery Sherrod Brown asks Trump Fed pick why he referred to Cleveland, Cincinnati as 'armpits of America' Only four Dem senators have endorsed 2020 candidates MORE (D-Ohio), Sheldon WhitehouseSheldon WhitehouseHillicon Valley: Washington preps for Mueller report | Barr to hold Thursday presser | Lawmakers dive into AI ethics | FCC chair moves to block China Mobile | Dem bill targets 'digital divide' | Microsoft denies request for facial recognition tech Dems introduce bill to tackle 'digital divide' Senators press drug industry 'middlemen' over high prices MORE (D-R.I.) and Kirsten GillibrandKirsten Elizabeth GillibrandGillibrand 'not worried' about being 'discounted' in 2020 race Cory Booker releases 10 years of tax returns Buttigieg gets first congressional endorsement 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.