Tuesday, April 17, 2012

"The case of President Obama's missing oil tax"

“Ending unwarranted subsidies for Big Oil, which represent billions in taxpayer dollars each year that could be used more effectively, is clearly more achievable, and so it makes sense for us to put our focus there,” an administration aide said.

A second administration aide said the White House decided that it had a better chance at persuading Congress to repeal the tax subsidies than enact the tax on oil and gas company profits. MORE...

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