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May 11, 2011

Senate Dems Call for Repealing Oil Company Tax Breaks 
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Senate Democrats have unveiled a plan to eliminate $21 billion in tax
breaks for the nation's five largest oil corporations. The proposal was
launched to counter Republican-led efforts to slash government spending
in the name of reducing deficits. In announcing the measure, Senate
Majority Leader Harry Reid of Nevada also endorsed a call for an equal
amount of spending cuts and new taxes for the first time.



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