Should Big Oil Lose Their Big Tax Breaks?


A hearing is being held this morning on whether oil companies really need the tax breaks they've been getting for decades. Some lawmakers want to take back $21 billion over 10 years in tax breaks from the five biggest oil companies: Exxon-Mobil, Shell, BP, Conoco and Chevron.

Over the last decade, the same companies made more than a trillion dollars. Should big oil lose their big tax breaks?

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