President Obama to Congress: "I Hope We Can All Agree That, Instead of Continuing to Subsidize Yesterday's Energy Sources, We Need to Invest in Tomorrow's"

This afternoon the President wrote a letter to leaders of both parties in Congress on the subject of tax breaks for oil companies.  The President's letter comes a day after Speaker of the House John Boehner said that eliminating those tax breaks is "certainly something we should be looking at," adding that, "We're in a time when the federal government's short on revenues. They ought to be paying their fair share."  It comes a few weeks after the President included the proposal as part of his Blueprint for a Secure Energy Future.

The full text of the President's letter is below:

Dear Speaker Boehner, Senator Reid, Senator McConnell, and Representative Pelosi:

I am writing to urge you to take immediate action to eliminate unwarranted tax breaks for the oil and gas industry, and to use those dollars to invest in clean energy to reduce our dependence on foreign oil.

read more

Source: http://www.whitehouse.gov/blog/2011/04/26/president-obama-congress-i-hope-we-can-all-agree-instead-continuing-subsidize-yester

Real Estate Vacation Properties Loans and Mortgages Household Moving