Senate rejects Obama call to end Big Oil tax breaks

[unable to retrieve full-text content]WASHINGTON (Reuters) - Republicans in the Senate blocked legislation on Thursday to strip billions of dollars in tax breaks for the biggest U.S. oil companies, calling the bill a political stunt that would not help tamp down surging gasoline prices. President Barack Obama, under pressure as the pinch of higher gasoline prices becomes a hot issue in the U.S. presidential campaign, had urged Congress to end the breaks, worth about $24 billion over 10 years, noting oil companies were raking in record profits. ...

Source: http://news.yahoo.com/obama-calls-end-big-oils-tax-breaks-151203284.html

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