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Democrat proposes ending tax breaks for overseas oil production
Gasoline prices averaged $4.06 per gallon Thursday, a key political issue ahead of November’s midterms.
A top Democrat has proposed eliminating tax breaks tied to overseas oil production, aiming to address concerns that rising energy costs are weighing on voters ahead of the November midterm elections.
CNBC Markets reports that U.S. gas prices averaged $4.06 per gallon on Thursday, underscoring the role fuel costs are playing in political pressure around energy policy.
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