Amid rising gas prices, Obama to call for vote on killing oil tax breaks

[Draggingtree]

The Hill:

 

http://thehill.com/blogs/e2-wire

 

 

 

Amid rising gas prices, Obama to call for vote on killing oil tax breaks

 

By Ben Geman - 03/01/12 06:08 AM ET

 

 

 

President Obama intends to press lawmakers Thursday to quickly strip billions of dollars in oil industry tax breaks, remarks that will come during his second energy-themed speech in two weeks aimed at blunting GOP attacks over gasoline prices.

 

Obama will speak Thursday afternoon at Nashua Community College in the swing state of New Hampshire.

 

“In Nashua, the President will ... reiterate his call to repeal the unwarranted $4 billion in annual subsides handed out to oil and gas companies, and will urge Congress to take a vote on the repeal in the coming weeks,” a White House official said ahead of Obama’s remarks.

 

Congress is unlikely to kill oil industry tax incentives amid resistance from many Republicans and oil-state De

 

mocrats. Repeal efforts in the Senate last year fell short, and the proposals face even longer odds in the GOP-controlled House.