White House Targets Oil-and-Gas Tax Breaks as Part of Plan to Replace Sequester
by Zack Coleman (The Hill E2Wire) The White House took jabs at oil-and-gas subsidies Wednesday, calling for an end to the incentives as part of a deal to avoid automatic spending cuts from sequestration.
“The idea that you need to subsidize an industry that has enjoyed record profits — that taxpayers have to subsidize it — just doesn’t make sense in a time when we have to make choices about how best to use our resources,” White House spokesman Jay Carney said Wednesday. READ MORE and MORE (White House)