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How about Austerity for Big Oil? Next time a mouthy CEO talks about the need for entitlement reform, remind him or her of the fact that oil companies have been big recipients of handouts from the government for years. I’m sorry, but YOU’RE the freeloader. Everything was supposed to be "on the table" in the crafting of deal to avert the so-called fiscal cliff. But in the end, congressional Democrats and Republicans skipped over some of the most glaring tax perks and giveaways. Case in point: Congress didn't touch billions of dollars a year in freebies to the oil and gas industry that pad the profit margins of companies such as ExxonMobil and BP.
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