Tax Break Battle Looming Between Democrats and Big Oil Companies

摘要

Democratic members of the US Senate are set to butt heads with top oil industry executives on Thursday over a proposal to end tax breaks for the five biggest oil and gas companies -a measure the Democrats are now presenting as a way to help reduce the gaping federal budget deficit. The Senate is expected to vote on the measure -estimated to add $21 billion to federal coffers over 10 years -soon after Thursday's showdown between the Senate Finance Committee and senior executives of Exxon Mobil, Chevron, ConocoPhillips, BP and Shell.