the oil companies have plenty of incentives. >> oil industry uses deductions worth $4 billion a year which president obama is also proposing to end. oil industry analysts say they don't get special breaks, that the deductions they take are similar to or the same as those given all other oil companies, such as one aimed at keeping jobs in the u.s. >> anyone that manufacturers anything in the united states, nap or anything are allowed the deduction. everything produced in the united states except for oil and gas. they want to take that away from us. >> she says the democratic proposal would prevent only the oil industry from deducting taxes paid abroad for production overseas and emphasizes the oil industry does pay plenty of taxes. >> we are paying $85 million a day and we're global operation. effective tax break on the global operation is 41.1%.