Well they must believe that. Why else would they not want to invest in alternative energy sources for the future?

House OKs New Taxes on Big Oil Companies

WASHINGTON (AP) — The House approved $18 billion in new taxes on the largest oil companies Wednesday as Democrats cited record oil prices and rising gasoline costs in a time of economic troubles.

The money collected over 10 years would provide tax breaks for wind, solar and other alternative energy sources and for energy conservation. [...]

The White House said the bill unfairly takes aim at the oil industry. President Bush is expected to veto the legislation if it passes Congress.

House Majority Leader Steny Hoyer, D-Md., noted it was two years ago, when oil cost $55 a barrel, when Bush said oil companies need no government subsidies to pursue more oil or gas.

“With the price of oil hovering around $100 do we really believe this incentive is justified?” asked Hoyer. “Do these companies need taxpayer subsidies to look for new product? They don’t need any incentive.”

Republicans say it “unfairly targeted a single industry.” What are they saying here? What does this mean? I suppose it’s some lame-ass attempt at riling the populace towards those damn Tax & Spend™ democrats.

Whatever. But it’s good to see that Bush and these republican fucks are more worried about Iraq’s future than they are of ours.

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