Bill Would Repeal Subsidies for Big Oil Companies

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This week, Democrats in the House of Representatives continue their "100 hour" agenda. One item on that list is subsidies to oil companies.

Democrats want to repeal big-oil subsidies and plow the money into tax incentives for renewable energy. Last year, Rep. Jim McDermott (D-WA) sponsored a similar bill that failed to pass in the Republican-controlled House. He speaks to John Ydstie about this bill's chances in a new Congress.

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