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Wednesday, February 27, 2008


Contact your senators and representatives to get this bill passed by a large enough margin to over-ride a veto from Petroleums's biggest fan.
clipped from news.yahoo.com

Veto threat looms over oil taxes bill

By H. JOSEF HEBERT, Associated Press Writer
Tue Feb 26, 5:57 PM ET

If Congress passes legislation to roll back nearly $18 billion in tax breaks for large oil companies, advisers to President Bush will recommend a veto, the White House said Tuesday.

The revenues from oil companies would be used to pay for tax incentives for wind, solar and other renewable energy sources including for ethanol produced from feedstock other than corn, and tax breaks for energy efficiency programs.

While the oil companies have lobbied vigorously against the legislation, other energy companies, including the solar and wind energy industries, have campaigned for it on Capitol Hill.

The bill also would extend for two years energy efficiency tax breaks for homeowners, including a $300 consumer tax credit linked to energy efficiency improvements.

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