E2-Wire

Boehner aide: Tax comments were to avoid ‘trap’ of defending ‘Big Oil’

by Ben Geman - 04/26/11 4:13 PM ET

Boehner said during the ABC interview that Congress should look at ending the tax credits for some of the larger oil companies.

“I don’t think the big oil companies need to have the oil depletion allowances, but for small, independent oil-and-gas producers, if they didn’t have this, there’d be even less exploration in America than there is today,” Boehner said during the ABC interview.

Democrats have targeted many of the oil subsidies for elimination. Asked about the push to end what the White House calls $4 billion annually in subsidies, Boehner said, “I think we gotta take a look at it.”

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