Senate Republicans Reject President Obama’s Call To End ‘Big Oil’ Tax Breaks

Source: Tom Cohen and Alan Silverleib / CNN

Washington – Senate Republicans on Thursday blocked a Democratic measure championed by President Barack Obama to end tax breaks for the major oil companies.

The procedural vote of 51-47, which failed to reach the needed threshold of 60 in favor, killed the measure, which was given little chance of eventually winning approval in the Republican-controlled House. Four Democrats opposed the bill while one Republican supported it.

Obama and Democrats had pushed it in an attempt to gain political advantage as rising gas prices continue to hurt and anger American voters in an election year.

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