Obama Urges Repeal of Oil, Gas Tax Breaks

- April 26th, 2011

Reuters reports that on Tuesday, President Barack Obama urged Congress to end tax breaks for oil and gas companies.

Reuters reports that on Tuesday, President Barack Obama urged Congress to end tax breaks for oil and gas companies.

The market news is quoted as saying:

Obama said the dollars saved by closing the tax breaks could be invested in clean energy that would help to ease U.S. dependence on foreign oil.

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