An important nugget from President Obama’s proposed 2011 budget: The White House aims to scrap $36.5 billion in subsidies to oil and gas producers by repealing
“„The president can propose whatever he wants; what *really *matters is whether lawmakers follow through. And the tax breaks for oil and gas producers have a lot of support in Congress—last year, in the FY2010 budget, the White House wanted to repeal $31.5 billion worth of fossil-fuel subsidies, and that idea was buried.