Taxpayers for Common Sense's Ellis weighs in on oil, ethanol tax breaks

As the debate over subsidies heats up, should Congress be considering a complete overhaul of the tax code? During today's OnPoint, Stephen Ellis, vice president at Taxpayers for Common Sense, gives his take on discussions surrounding the oil and gas and ethanol industries' tax breaks and subsidies. He also discusses the political prospects for passage of a bill that repeals current tax breaks.