President Obama urges end to “unwarranted” US oil and gas tax breaks

摘要

President Obama has called on Congress to take immediate action to end “unwarranted” tax breaks for the oil and gas industry, which the White House says are unjustified in light of soaring profits. In a letter to congressional leaders, Obama said the eight different subsidies cost the American tax payer $4 billion/year, and that the money would be better spent investing in clean energy and reducing US dependence on foreign imports.