Obama challenges lawmakers to support cuts to oil subsidies – E2 Wire 02/15/11

2011-02-18

Andrew Rustuccia | February 15, 2011 | Reposted from The Hill’s E2 Wire Lawmakers should support a proposal to eliminate tax breaks for the oil and gas industry if they are “really serious about the deficit,” President Obama said Tuesday. But the proposal, outlined in Obama’s budget request Monday, faces major obstacles in Congress. Republicans… Read more »

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2012 Budget: Addressing subsidies is good domestic and economic policy

2011-02-15

After decades of growing fat off the taxpayers, oil and gas companies are crying now that the meal may be done. In the 2012 budget, the Obama administration is, again, targeting the $3.6 billion fossil fuel industries receive in tax breaks and taxpayer-funded subsidies. Maybe the third time will be the charm for this effort…. Read more »

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