API: Industry will oppose plans to lift oil, gas tax breaks

07/16/2010 | Bloomberg Businessweek

The oil and gas industry will fight efforts by Senate Democrats to repeal tax benefits for energy companies, said Bill Bush, a spokesman for the American Petroleum Institute. This comes as senators are preparing to tackle an energy bill this month, which may include the tax changes. Boosting taxes on the sector "is not a recipe for putting people back to work or for spurring domestic energy production," Bush said.

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