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Administration attempts to justify tax proposals surprise API's Gerard

09/21/2009
By Nick Snow
American Petroleum Institute Pres. Jack N. Gerard expressed surprise at an Obama administration official's apparent attempt on Sept. 10 to justify proposals to repeal oil and gas tax incentives by saying that it is looking at other industries' tax breaks too."It seems that they got the cart before the horse. If they want to look at the tax code generally, we're satisfied with that. But they obviously didn't analyze the entire tax code before they suggested repealing our industry's tax provisions," Gerard told reporters during a Sept. 15 teleconference.Alan B. Krueger, assistant US Treasury secretary for economic policy, mentioned that the administration was looking at other indu...
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