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Politics : Politics of Energy
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To: Brumar89 who wrote (1602)8/14/2008 12:13:35 PM
From: Road Walker  Read Replies (1) of 86356
 
The 2005 act that she describes as packed with billions of dollars in oil industry breaks actually raised taxes on the oil and gas industry by about $300 million over 11 years, according to the Congressional Research Service. The nonpartisan analysis found $2.6 billion in tax cuts for the oil and gas industry and $2.9 billion in tax increases. The bulk of tax breaks went to other sources of energy, including alternative fuels favored by both Clinton and Obama." [AP, 2/15/08]

Again, would like to see if the "taxes on the industry" were pass through excise taxes.
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