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  4. Obama Budget Would Cut $40 Billion in Fossil-Fuel Credits

Obama Budget Would Cut $40 Billion in Fossil-Fuel Credits

14 Feb 2012

President Barack Obama, who pledged an “all of the above” energy strategy that included fossil fuels, renewed his proposal to cut more than $40 billion in tax breaks for oil, gas and coal producers in the next decade to spend more for conservation and alternate energy.