Senate Blocks Bill To Repeal Oil Industry Tax Breaks
The Senate voted 51-47 largely along party lines to reject the Repeal Big Oil Subsidies Act, S. 2204, over pressure from President Barack Obama to approve the measure. It needed 60 votes to invoke cloture.
Introduced by Sen. Bob Menendez, D-N.J., the bill would have slashed tax breaks that would have netted Exxon...
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