Obama calls for end to Big Oil’s tax breaks

WASHINGTON (Reuters) – U.S. President Barack Obama challenged Congress on Thursday to repeal billions of dollars in tax breaks for the biggest U.S. energy companies, saying they are raking in record profits while Americans struggle with higher gasoline prices. “Today, members of Congress have a simple choice to make. They can stand with big oil companies, or they can stand with the American people,” he said at an event in the White House Rose Garden highlighting one of the hottest issues in the U.S. presidential campaign. “Last year, the three biggest U.S. …
Politics News Headlines – Yahoo! News

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