The president gives a preview of his budget in his weekly address.Republicans are vowing to fight President Obama's newly released budget for the 2012 fiscal year. Among other things, the new budget includes a few significant changes to spending on climate and energy research. In the energy sector, it calls for slashing tax breaks and loopholes for fossil fuel producers to bring in about $4 billion dollars of additional revenue. Obama has asked to end these fossil fuel subsidies in the past two years' budgets, however, and was shot down each time. (Meanwhile, a House bill called the Ending Big Oil Tax Subsidies Act would …
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