TROOPS DIE FOR OIL, ENERGY CO's GET $14.5 BILLION

[Guest guest]

J

Thu, 28 Jul 2005 12:21:23 -0000

TROOPS DIE FOR OIL, ENERGY CO's GET $14.5 BILLION

 

 

 

 

TROOPS DIE FOR OIL, ENERGY CO's GET $14.5 BILLION

 

Congressional negotiators completed work yesterday on a $14.5

billion package of tax breaks as part of a major energy bill that

provides far less support for alternative energy and efficiency than

many lawmakers had urged.

 

The tax package -- negotiated behind closed doors by lawmakers --

would award 58 percentof the total benefit over 10 years to

traditional energy industries, including oil, natural gas, coal,

electric utilities and nuclear power. About 36 percent of the total

would go for renewable sources of energy, energy efficiency and

cleaner-burning vehicles. The Senate had sought considerably more in

tax incentives for conservation and alternative sources of energy in

its version of the energy bill approved last month.

 

Both chambers are expected to approve the energy bill this week

after years of failed attempts. Lawmakers who negotiated the tax

provisions -- melding vastly different packages approved by the

House and the Senate -- said the legislation would benefit consumers

by encouraging more supplies and developing cleaner-burning forms of

energy........... "

 

http://www.washingtonpost.com/wp-

dyn/content/article/2005/07/27/AR2005072702207_pf.html

 

and

 

http://bringthemhomenow.org/what/news.html