Arab Today, arab today obama end tax breaks for big oil firms
Last Updated : GMT 09:05:21
Arab Today, arab today
Arab Today, arab today

Obama: End tax breaks for big oil firms

Arab Today, arab today

Arab Today, arab today Obama: End tax breaks for big oil firms

Washington - AP

President Barack Obama says Americans are getting hit twice — once at the petrol pump, and once more by sending billions of dollars in tax subsidies to oil companies. Speaking in the White House Rose Garden, Obama again sought to pressure Congress to end $4 billion (Dh14.7 billion) in tax subsidies. He says oil companies are pulling in record profits and shouldn\'t get taxpayer help when that money could be used on alternative energy. Obama, up for re-election, has sought to align himself with people frustrated by high petrol prices. Many congressional Republicans say cutting the tax breaks would lead to higher fuel prices, raising costs on oil companies and affecting their spending on exploration. Obama couldn\'t end the subsidies when Democrats controlled Congress earlier in his term. Obama spoke before a crowd in the Rose Garden that included representatives from energy, business and environmental groups. Meanwhile, oil dipped below $104 a barrel yesterday on expectations that the US and Europe will release some crude reserves to push energy costs lower. From gulfnews

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today obama end tax breaks for big oil firms Arab Today, arab today obama end tax breaks for big oil firms

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today obama end tax breaks for big oil firms Arab Today, arab today obama end tax breaks for big oil firms

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today How to do your own Ramadan corner?

GMT 15:53 2017 Saturday ,27 May

How to do your own Ramadan corner?
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday