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To: loantech who wrote (41232)11/16/2005 9:13:16 AM
From: ~digs  Read Replies (2) | Respond to of 116555
 
Big Oil may face a $5 billion levy
chron.com
In a sign of the political impact of soaring energy prices, the Republican-controlled Senate Finance Committee voted on Tuesday to impose a $5 billion tax next year on the nation's biggest oil companies. The measure amounts to a one-year windfall profits tax, a concept that most Republicans had until recently denounced as a discredited idea from the 1970s.