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Watching Government: Rallying against oil tax hikes

05/16/2011
Nick SnowWashington EditorOfficials from three other national associations joined the American Petroleum Institute on May 9 in rejecting calls by US President Barack Obama and other Democrats to penalize the oil and gas industry by repealing several of its key federal tax deductions."In a populist sense, it sounds as if they're punishing the energy companies for allegedly charging too much," said Martin Regalia, chief economist and senior vice-president at the US Chamber of Commerce. "In reality, they are punishing the American economy because it relies heavily on energy with proposals which have not worked in the past and would not work now."Karen Kerrigan, president ...
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