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Oil-and-gas lobby starts ad campaign defending tax breaks


An oil-and-gas lobby group is launching a TV advertising campaign aimed at convincing lawmakers to keep their hands off tax incentives awarded to the industry.

The American Petroleum Institute (API) announced Wednesday it would run the cable and broadcast spots inside the Beltway. It didn’t specify how much it was spending on the effort. (Watch the ads here and here.)

With the proposed Senate and House budgets released this week and President Obama’s coming next month, API Executive Vice President Marty Durbin said the industry must remind policymakers that “punitive tax schemes kill jobs and decrease reven...