Oil group pushes tax breaks in TV ads

[The Straight Story]

The oil and natural gas industry’s largest trade group is launching new television ads tomorrow designed to warn lawmakers off plans to spike a portfolio of lucrative tax incentives.

The ads, sponsored by the American Petroleum Institute, will air in Michigan, Pennsylvania and Ohio — home to Republican lawmakers who sit on a congressional supercommittee tasked with developing a plan to pare at least $1.2 trillion from the deficit over the next decade by Nov. 23.

...

Still, API President Jack Gerard said, it is important to underscore the value of those tax deductions — and warn of the perils in cutting them.

“We want to take every opportunity to reinforce that the oil and natural gas industry presents a large part of the solution as the super committee seeks to address deficit reduction,” Gerard said. A better way to raise money, Gerard said, would be to enact “pro-development policies,” including opening up areas now off-limits to oil and gas development.

http://fuelfix.com/blog/2011/11/07/oil-group-pushes-tax-breaks-in-tv-ads/

[onethatcares]

1. open up areas now off limit to oil and gas development

and give them tax breaks, subsidies and your wife and daughter if they so desire, but gaud dammmmint, don't even think about making them pay for anything, hell they can't make a profit as is. :sarcasm: