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26
Feb
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by Buck • 10:48 pm
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This is why America’s wealthy luvz them some Bushy:
Veto Threat Looms Over Oil Taxes Bill
WASHINGTON — If Congress passes legislation to roll back nearly $18 billion in tax breaks for large oil companies, advisers to President Bush will recommend a veto, the White House said Tuesday.
The tax legislation is scheduled to come up for a vote in the House on Wednesday.
The revenues from oil companies would be used to pay for tax incentives for wind, solar and other renewable energy sources including for ethanol produced from feedstock other than corn, and tax breaks for energy efficiency programs. [...]
Democrats anticipated House passage of the bill and hoped that the recent surge in oil prices to $100 a barrel and gasoline prices averaging well above $3 a gallon would help garner support for the measure, especially in the Senate, where it is expected to need 60 votes to overcome an almost certain GOP filibuster.








