Obama's Trump Card on Oil Subsidies

Posted by Rachel Pulaski on Tuesday, February 15, 2011
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From businessweek.com -President Barack Obama's call to eliminate tax breaks for profit-rich oil companies was a Democratic crowd pleaser during last month's State of the Union address. He had already proposed curtailing the $4 billion-a-year subsidy twice in the last two years, only to be turned back by industry lobbying and lawmakers in both parties. So his decision to mention it again raises the question: Can Obama make it happen this time?   More from News New Mexico
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