WASHINGTON — Texas industries would be hit hard in the budget President Barack Obama proposed Monday, through an end to oil and gas subsidies, aggressive promotion of clean energy and regulation of greenhouse gases — all to the dismay of many Texas lawmakers. The $3.7 trillion proposal also omits nearly all funding for Dallas’ multibillion-dollar Trinity River project. Presidents have tried to kill the project for years, but with Congress adhering to a new ban on earmarks — long the Trinity project’s lifeblood — it’s on shakier ground than ever.
Michaels and Gillman in our DC bureau report: http://dallasne.ws/h5CRhU
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