The Town Crier

Thursday, March 29, 2012

Still not looking good for industrial wind welfare.

US Senate rejects bid to end oil, gas industry tax breaks

The US Senate Thursday rejected a bill that would have stripped billions of dollars' worth of tax subsidies from oil and natural gas companies and funneled that money to renewable-energy producers. The bill failed on a vote of 51-47. It needed 60 votes for approval.

Earlier this morning, during a rose garden speech President Obama said, “Today, members of Congress have a simple choice to make, They can stand with big oil companies, or they can stand with the American people.”