House slaps $16 billion in taxes on oil industry

MSNBC

08/04/07

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’...

//www.msnbc.msn.com/id/20124921/


Informant: Thomas L. Knapp



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