TCS: Time to cut subsidies for big oil

This week, Apple became Wall Street's all-time MVP when the company's value topped $624 billion. That's 54 percent more than the market's number two -- Exxon Mobil Corp.

Still, Exxon and other large oil companies continue to make billions every year while receiving subsidies from U.S. taxpayers.

Ryan Alexander, president of Taxpayers for Common Sense, discussed the issue with Capital Insider.