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Obama Weekly Address: End Tax Breaks For Oil And Gas Industry

JIM KUHNHENN, Associated PressWASHINGTON – President Barack Obama says oil companies are profiting from rising pump prices and he wants Congress to end $4 billion in annual tax breaks for the oil and gas industry.”These tax giveaways aren’…

JIM KUHNHENN, Associated Press

WASHINGTON – President Barack Obama says oil companies are profiting from rising pump prices and he wants Congress to end $4 billion in annual tax breaks for the oil and gas industry.

“These tax giveaways aren’t right,” Obama said in his weekly radio and Internet address Saturday. “They aren’t smart. And we need to end them.”

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