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Obama wants tax breaks for oil companies stopped

March 29, 2012
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WASHINGTON—President Barack Obama is renewing his call for Congress to end tax breaks to oil companies.

In a Rose Garden speech Thursday, Obama will urge Congress to vote to end what the White House calls "the billions in taxpayer dollars handed out to oil companies every year."

The address comes before a Senate procedural vote on a bill to repeal oil tax subsidies. Obama is also expected to suggest how the money could be spent on clean energy.

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