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House Democrats target tax break for top 5 oil companies

House Democrats’ proposal doesn’t go as far as President Barack Obama has urged in repealing tax deductions for “Big Oil.”

BY CHRIS CASTEEL Published: May 5, 2011
WASHINGTON — House Democrats, who have been attacking “Big Oil” amid rising gas prices, plan to offer legislation that would raise taxes on the five biggest oil and gas companies.
The legislation,...
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