House Dems Aim To Cut $40B In Oil Co. Tax Breaks
The legislation, sponsored by Rep. Ed Markey, D-Mass., the ranking Democrat on the House Natural Resources Committee, follows similar legislation introduced Feb. 3 in the U.S. Senate.
President Barack Obama called on Congress to eliminate tax loopholes for large oil companies in his State of the Union address in January.
The U.S. House of Representatives version —...
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