President Barack Obama is calling anew on Congress to end tax subsidies for the oil and gas industry, saying America needs to develop alternative sources of energy in the face of rising gasoline prices.
Obama said Saturday in his weekly radio and Internet address that he expected Congress to consider in the next few weeks halting $4 billion in tax subsidies, something he hasn’t been able to get through Congress throughout his presidency.
He said the vote would put lawmakers on record on whether they “stand up for oil companies” or “stand up for the American people.”
“They can either place their bets on a fossil