Oil Profits Justify Ending Tax Breaks, Obama Says

Oil Profits Justify Ending Tax Breaks, Obama Says Play

March 29 (Bloomberg) -- President Barack Obama talks about U.S. oil company profits and federal tax subsidies. The U.S. Senate later rejected a Democratic bill to repeal about $24 billion in tax breaks to oil companies and use the money to pay for clean energy development and deficit reduction. The president speaks in the White House Rose Garden. (Source: Bloomberg)

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