ll it an uppercut to the chin of Big Oil, delivered by Nancy Pelosi and a few friends. On Thursday night, by a vote of 264-163, the House of Representatives passed the Clean Long-Term Energy Alternative for the Nation Act of 2007.Bill here (pdf).Talk about your changes in the political weather: The bill aims to raise $15 billion dollars in taxes by ending various tax breaks and sweet royalty deals handed to the oil industry by President Bush and a Republican Congress. According to MSNBC, "Democrats said much of $15 billion in revenue generated by the measure would be used to promote renewable fuels such as solar and wind power, alternative fuels including ethanol and biodiesel and incentives for conservation."
Now let's see what the Senate does...
2 comments:
What do you bet on the Senate? dad
Unless the include something like an item line veto in the bill somehow, it should pass the Senate. thats my bet.
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