Texas Republican lawmakers criticized President Barack Obama's fiscal 2013 budget plan, which would repeal billions in tax incentives enjoyed by oil and natural gas companies. "The president's budget is a broken record that ... spends too much, taxes too much and borrows too much," said Rep. Joe Barton, R-Texas. Sen. John Cornyn, R-Texas, said the plan "fails to right the ship and will continue to lead us down a path of more debt, higher taxes and runaway spending."

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