2012: I also want to close those loopholes that are giving incentives for companies that are shipping jobs overseas. I want to provide tax breaks for companies that are investing here in the United States.

2008: Let’s just be clear. What I do is I close corporate loopholes, stop providing tax cuts to corporations that are shipping jobs overseas so that we’re giving tax breaks to companies that are investing here in the United States. …


2012: Now, I’ve identified areas where we can, right away, make a change that I believe would actually help the economy. The — the oil industry gets $4 billion a year in corporate welfare. Basically, they get deductions that those small businesses that Governor Romney refers to, they don’t get. Now, does anybody think that ExxonMobil needs some extra money when they’re making money every time you go to the pump? Why wouldn’t we want to eliminate that?

2008: And if we want to talk about oil company profits, under your tax plan, John — this is undeniable — oil companies would get an additional $4 billion in tax breaks. Now, look, we all would love to lower taxes on everybody. But here’s the problem: If we are giving them to oil companies, then that means that there are those who are not going to be getting them.