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Regional News

Wyden Takes on Big Oil On Tax Breaks


With soaring oil and gas prices, Oregon Senator Ron Wyden wants to know why oil companies continue to get generous tax breaks. He says thin the past, they didn’t need tax breaks when oil was $50 a barrel, why would they need them now that oil is $100 a barrel? Wyden says ending the tax breaks could save $1 to 2 billion per year.   But most Republicans and some Democrats in oil rich states oppose it.

 

 

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