Obama Tells Congress To Eliminate ‘Outrageous’ Big Oil Tax Breaks

In a speech before a large crowd in Nashua, New Hampshire, President Barack Obama exhorted Americans to tell Congress to eliminate $4 billion in annual subsidies to big oil companies, who are making record profits on soaring gas prices. The audience booed as Obama talked about the “outrageous” and “inexcusable” tax breaks. Obama had an unambiguous message for every member of Congress: “You can either stand up for the oil companies, or you can stand up for the American people.”

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