Industry set for political battle on tax breaks

摘要

Washington-Bracing for a fight on Capitol Hill over oil company tax breaks, ExxonMobil's top lobbyist May 9 said the US tax code already penalizes drillers and refiners. Ken Cohen, vice president of public and government affairs, added in a conference call that scrapping some of the current deductions would jeopardize future US production. "I would not discount the political theater that will play out," he said. "Frankly, we are an attractive target-irresistible right now for politicians to wail away."