API: Increasing taxes on oil, gas would hurt American jobs

09/7/2010 | Reuters

President Barack Obama unveiled a plan he said would create jobs and invest in infrastructure. The administration said the program would not add to the budget deficit, and that it would consider cutting tax incentives for oil and natural gas producers. "Now is the time to create American jobs, not eliminate them," said American Petroleum Institute spokeswoman Cathy Landry.

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