Senate Republicans block windfall taxes on Big Oil

Pensacola News Journal

06/10/08

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’t do a thing to lower the $4-a-gallon-price of gasoline that is sending economic waves across the country. High prices at the pump are threatening everything from summer vacations to Meals on Wheels deliveries to the elderly...

//tinyurl.com/5sxy8a


Informant: Thomas L. Knapp

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Big Oil Escapes Windfall Tax

H. Josef Hebert reports for The Associated Press: "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."

//www.truthout.org/article/senate-republicans-block-windfall-taxes-big-oil



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