Democrats to quickly target oil industry tax breaks - CNN.com

Democrats to quickly target oil industry tax breaks - CNN.com:

"WASHINGTON (AP) -- House Democrats are targeting billions of dollars in oil company tax breaks for quick repeal next year. A broader energy proposal that would boost alternative energy sources and conservation is expected to be put off until later.

Hot-button issues such as a tax on the oil industry's windfall profits or sharp increases in automobile fuel economy probably will not gain much ground given the narrow Democratic majorities in the House and Senate.

Incoming House Speaker Nancy Pelosi, in an outline of priorities over the first 100 hours of the next Congress in January, promises to begin a move toward greater energy independence 'by rolling back the multibillion dollar subsidies for Big Oil.'"