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API Targets Menendez Bill in New Ads API Targets Menendez Bill in New Ads

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API Targets Menendez Bill in New Ads

The American Petroleum Institute has taken out radio and print ads in seven states as it fights to stop legislation that would end tax incentives for the top oil and gas companies. They're part of a broader gas prices campaign from the API that it is spending around $2 million on, the Alley has learned.

The API's ads frame the legislation as a tax hike on oil and gas companies, which it says will lead to higher gas prices at a time when they have already been ticking up.  The ads are running in Maine, West Virginia, Virginia, Nevada, North Carolina, Missouri and Massachusetts through early next week.

"It's another bad idea from Washington," the radio ad says. "In speech after speech, President Obama's calling for higher taxes on the energy producers who power America, to raise money to pay for more government spending."

The campaign also includes a website that seeks to explain, "Why are gas prices rising?"

The Senate is expected to vote on the bill from Sen. Robert Menendez (D-N.J.) on Monday.

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