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Boehner Open to Repealing Oil Company Tax Breaks

WASHINGTON -- House Speaker John Boehner said Monday that Congress should "take a look at" repealing the multibillion-dollar tax subsidies enjoyed by the major oil companies. The Ohio Republican told "ABC World News" that the government is low on revenues and that oil companies "ought to be paying their fair share." A...

Tom Corbett Budget: 5 Painful Cuts in Pennsylvania

Next in line for a leaner, meaner budget: Pennsylvania. Republican Gov. Tom Corbett just unveiled his 2011-12 budget proposal for the commonwealth, and sure enough, the $27.3 billion plan contains a number of steep cuts. For the past two years, Pennsylvania has benefited from a $2.6 billion federal stimulus package; that...

Michele Bachmann Slams Michelle Obama Over Breast-Feeding; Does She Have a Point?

Should the U.S. government promote breast-feeding as a way to counter childhood obesity? Rep. Michele Bachmann, R-Minn., took a swipe Wednesday at Michelle Obama over the first lady's support of tax breaks to mothers for purchasing breast pumps and nursing supplies. Obama has cited studies that correlate longer...

Obama Seeks Small Biz Aid as Recovery Inches Along

(Oct. 29) -- American economic growth picked up over the summer but not enough to substantially improve the jobs market, and President Barack Obama used the news to push a program aimed at getting small businesses to hire and invest. U.S. gross domestic product, the broadest measure of goods and services produced within...

Senate Clears Hurdle for Small-Business Measure

(Sept. 14) -- Senate Democrats cracked a months-long GOP filibuster of a bill to provide new loans and tax breaks for small businesses after two Republicans broke with their party to back a measure President Barack Obama has promoted as one of his top economic priorities. Republican Sens. George Voinovich of Ohio and...