Obama calls for Congress to end oil, gas subsidies


The proposal opened up the president to Republican criticism that the move will not do much to lower the price of gas at the pump.
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With his re-election fate increasingly tied to the price that Americans are paying at the gas pump, President Obama on Thursday called on Congress to end $4 billion in subsidies for oil and gas companies and vowed to tackle the country's long-term energy issues while shunning "phony election-year promises about lower gas prices."
Obama, in an appearance at Nashua Community College in New Hampshire, took a page out of his jobs strategy, calling on Americans to contact their representatives and demand a vote on the oil subsidies.
But the president insisted that lawmakers should vote in the next few weeks to repeal the oil industry's $4 billion federal subsidies, a demand he has made several times over the past three years. Ending the "industry giveaway," Obama argued, would spur the development of alternative energy sources that could offer long-term relief from rising gas prices.

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