SJR31,1,33 Whereas, the price of motor fuel in Wisconsin is at or near record prices; and

SJR31,1,64 Whereas, hikes in the price of gasoline are severely squeezing the finances of
5all Wisconsin working families at a time when they can least afford to pay higher fuel
6costs; and

SJR31,1,87 Whereas, oil and gas companies reported record profits in 2010 and have again
8reported record profits in the first quarter of 2011; and

SJR31,1,109 Whereas, the 2011 first-quarter net income of Exxon Mobil alone increased 69
10percent to $10.7 billion which is up from $6.3 billion one year ago; and

SJR31,1,1311 Whereas, consumers ought not be forced to subsidize oil and gas companies
12record profitability a second time with special industry tax breaks and incentives;
13and

SJR31,2,214 Whereas, the federal government is debating ways to reduce the budget deficit,
15with high ranking members of the United States Congress advocating for the

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1elimination of critical programs for seniors and persons with disabilities like
2Medicare and Medicaid; and

SJR31,2,53 Whereas, eliminating the $4 billion oil and gas companies currently receive in
4subsidies from the federal government would reduce the federal deficit and instead
5help fund other priorities like education and health care; and

SJR31,2,76 Whereas, there no longer exists a need to provide financial subsidies to oil and
7gas companies; and

SJR31,2,98 Whereas, the money spent on subsidies is better used to reduce the deficit and
9fund programs benefiting Wisconsin citizens; now, therefore, be it