Shreveport.com - Taxes on Oil Companies

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sbl_admin

08-06-2007 07:43 AM

Taxes on Oil Companies - A New Direction!

Declaring a new direction in energy policy, the House on Saturday approved $16 billion in taxes on oil companies, while providing billions of dollars in tax breaks and incentives for renewable energy and conservation efforts.

Republican opponents said the legislation ignored the need to produce more domestic oil, natural gas and coal. One GOP lawmaker bemoaned "the pure venom ... against the oil and gas industry."

joepole

08-06-2007 09:17 AM

Artificially burdening the most successful will never bring prosperity to the less successful. Just ask the UAW.

rhertz

08-06-2007 03:19 PM

Quote:

Originally Posted by joepole

Artificially burdening the most successful will never bring prosperity to the less successful. Just ask the UAW.

:clapbig:

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