Sentences with phrase «repeal oil subsidies»
This idea has widespread bipartisan support: Obama calls to repeal oil subsidies just about every year, and Republicans, Independents, and Democrats alike support ending the handouts — but the unholy alliance between industry execs and the politicians they finance keeps them in place.
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To pay for the renewable incentives, the House bill is expected to repeal about $ 21 billion in tax subsidies extended to big oil and gas producers like Exxon Mobil Corp, ConocoPhillips and Chevron Corp..