According to details released Thursday about the 2010 budget, the plan would rescind tax breaks at a cost to the industry of $52.4 billion over the next 10 years.

The Obama administration says eliminating the two biggest tax breaks will put oil and gas companies on equal tax footing as other companies.

The budget also spells out the shutdown of a proposed nuclear waste dump at Yucca Mountain in Nevada. It provides $197 million for the project, but no money for land, transportation access or new engineering work.
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