Register

Peak Oil is You


Donate Bitcoins ;-) or Paypal :-)


Page added on June 10, 2008

Bookmark and Share

Senate Republicans block taxes on oil profits

They halt Deomcrat proposal that would cost companies billions

WASHINGTON – Saved by Senate Republicans, big oil companies dodged an attempt Tuesday to slap them with a windfall profits tax and take away billions of dollars in tax breaks in response to the record gasoline prices that have the nation fuming.

GOP senators shoved aside the Democratic proposal, arguing that punishing Big Oil won

The Democratic energy package would have imposed a 25 percent tax on any



Leave a Reply

Your email address will not be published. Required fields are marked *