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.”