2012 Candidate Presidential: Newt Gingrich calls out Obama‘s hypocrisy on corporate tax “loopholes”. Asked if tax loopholes for oil and gas companies should be eliminated as president Obama has proposed, Newt points out that every green job tax incentive is also a “loophole” and Obama is hypocritical. Newt argues in favor of all energy producers being allowed to keep more of their money so they can help America become energy independent.. 2012 Candidate PresidentialRepublican 2012 Candidates: online videos and 2012 GOP presidential political election online videos, highlighting 2012 GOP Presidential candidates, election current information, Republicans primaries, fundraising events, as well as election up-to-date information.