National

Rep. Blumenauer Introduces Legislation to Eliminate Tax Breaks for Oil and Gas Industry

Washington, DC– (ENEWSPF)—July 31, 2015. Yesterday, Representative Earl Blumenauer introduced H.R. 3311, the End Oil And Gas Tax Subsidies Act of 2015, legislation that would eliminate tax breaks for the oil and gas industry and will save taxpayers more than $23 billion over five years, and more than $44 billion over ten years. The legislation is very similar to President Obama’s budget proposal, which would eliminate oil and gas tax benefits.

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