WH Attacks Big Oil Tax Breaks

The Hill reports:

The White House has joined congressional Democrats in targeting oil companies with criticism for nearly $4 per gallon gas.

President Obama lashed out at oil companies -- and the tax breaks they get from the government -- for a second day in a row on Thursday and again in Saturday's address.

“Four billion dollars of your money are going to these companies at a time when they’re making record profits and you’re paying near record prices at the pump,” the president said at a Nevada town hall. “It has to stop.”

Obama also announced a Justice Department task force that will probe whether speculators and traders are to blame for the high prices. A spokesman for Speaker John Boehner (R-Ohio) on Friday criticized the effort as an attempt to deflect attention from White House and Democratic opposition to increased drilling in the U.S.

Going after oil companies is smart politics for Obama, according to polls and Democratic strategists.

Only 11 percent of those surveyed in a McClatchy-Marist poll this week said Obama and Democrats are to blame for high gas prices. Thirty-six percent of U.S. residents blamed turmoil in the Middle East for the high prices, while 34 percent say U.S. oil companies are to blame.

Seven percent said Congressional Republicans were at fault.