Senate Republicans Defeat White House Proposal to Strip Subsidies from Oil Companies

Yesterday Senate Republicans foiled President Obama’s plan to strip $24 billion in tax subsidies from the country’s largest oil companies, potentially fueling an election-year issue among voters disgruntled by escalating gas prices.  The 51-47 vote was mostly along party lines.  Gosh, I didn’t know the oil companies were having such a tough time these days!

 

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