I can understand where the oil company wants to deduct the cost of drilling a well. That's one of the tax breaks for oil companies - the subsidies - they get to deduct the cost of the well the year you drill.

Governments spend all their time trying to get big companies to relocate their headquarters, and they end up subsidizing the move with tax breaks. And companies that relocate their headquarters are often not meaningful job creators.

What's interesting is there are $12 billion of breaks in the energy bill that passed, yet we see that the sixth major oil companies in America last year made $1.1 trillion.

I would support eliminating certain tax breaks that are not economically justifiable if they are offset with reductions in tax rates.

I have no tax breaks or corporate interests to be supported by Barack Obama.

I've voted in some cases to remove and reduce tax breaks for the oil industry in other cases I've voted not to because I felt that the proposals covered too much.