RENEE MONTAGNE, Host: NPR's business news starts with oil executives visiting Capitol Hill.</s>RENEE MONTAGNE, Host: The heads of ExxonMobil, Chevron and other top oil companies are facing off with lawmakers at a Senate finance committee hearing this morning. Democrats have introduced bills to repeal oil industry tax breaks, worth billions of dollars, and put the savings toward the deficit. Exxon CEO Rex Tillerson called the proposal, quote, "misinformed and discriminatory."
The heads of ExxonMobil, BP America, Chevron and others have been called to testify before Congress on Thursday. They will be grilled about tax breaks their industry receives. Democrats have introduced Senate and House bills to repeal billions of dollars in tax breaks.