Daniel J. Weiss and Seth Hanlon scrutinize Mitt's economic plan:
The world’s five biggest public oil companies—BP, Chevron, ConocoPhillips, ExxonMobil, and Royal Dutch Shell—would keep special tax breaks worth $2.4 billion each year. And by cutting corporate tax rates, the Romney plan could lower the companies’ annual tax bill by another $2.3 billion, based on an analysis of the companies’ tax expense for 2011. The special tax breaks, supplemented by Gov. Romney’s lower corporate rates, could benefit the oil companies by more than $4 billion annually. … [T]hese five companies are hardly in need of a tax cut: They earned a combined record profit of $137 billion in 2011 due to high oil and gasoline prices.
Also of note:
At the end of June, the oil and gas industry donated nearly $1.5 million directly to the Romney campaign according to Opensecrets.com. This is more than five times its donations to President Obama’s campaign.
The Dish 