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Next On Chopping Block: Oil Industry Tax Incentives?

30 Oct 2012

Next On Chopping Block: Oil Industry Tax Incentives?

One of Washington’s most powerful business lobbies is afraid lawmakers might just do the unthinkable: Take an ax to its billions in tax breaks. And this time, Republicans could help swing the blade. At stake is more than $40 billion in tax incentives that the oil and gas industry is due to receive in the next decade — money that leaders from both parties could try to carve away as they look for ways to trim the federal budget deficit.

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