"President Obama is taking aim at roughly $50 billion in tax breaks for the oil, natural gas and coal industries.
In his 2016 budget proposal, Obama called for a repeal of the industry tax breaks over a decade, a move the president has long-supported despite continued opposition.
Obama targets a deduction afforded companies for domestic manufacturing, expensed intangible drilling costs, and breaks for coal exploration and development costs, among other tax breaks in the budget."
Laura Barron-Lopez reports for The Hill February 2, 2015.
Source: The Hill, 02/04/2015
