Detailed text transcripts for TV channel - CNN - 20110504:13:42:00
A fight is brewing on capitol hill. lawmakers are split on how to deal with high gas prices. alison kosik is at the new york stock exchange. what does the file boil down to? >> you know what this is about. it is about the $14 trillion federal debt versus the fight for independence. the conversation talked about the tax breaks given to oil. the oil industry gets $4 billion in tax breaks. it would wind up chipping away at the national debt. president obama wants to roll the tax breaks back because the oil companies are making billions. take a look at how many billions they earned in the first th...
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