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VIDEO: President Bush flip flops on oil company tax breaks, unaware of $4/gallon gas predictions

digg_url = 'http://digg.com/politics/EXCLUSIVE_VIDEO_President_Bush_flip_flops_on_oil_tax_breaks'; This morning in a press conference, President Bush was asked about statements he made on tax breaks for oil companies (see video below the fold). Yesterday, in support of the Energy tax bill (which the President threatened veto), Rep. Steny Hoyer quoted Bush as having said that oil companies do not need incentives when oil is at $55 a barrel (again, see video below). Bush says he talked about taking back "some" tax breaks from oil companies, ... Read more →

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