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Obama Calls for End to Oil Subsidies

By January 25, 2012

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In his third State of the Union this month, President Barack Obama again called on Congress to end federal subsidies and tax breaks for big oil companies.

Obama said the money would be better spent developing clean, renewable energy that could one day replace oil and help make the United States energy-independent.

Read an earlier take on the question of taxpayer-financed subsidies for oil companies.

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