Senate Democrats once again tried to push through a bill to create a windfall tax on Big Oil profits. And, again, it failed. In order for a debate on the bill to even be opened, 60 votes are needed. Those votes were absent, and so the windfall tax on Big Oil profits dies another day -- probably to be resurrected again in the relatively near future.
WWGD: Will President Bush Veto a Bill that Cuts Tax Breaks for Big Oil? Written By: Miranda Marquit 2007-08-10 13:09:47 Congress wants to take tax breaks away from Big Oil and give the money to alternative energy research. But President Bush may not let Congress fund alternative energy in such a way. He thinks Big Oil should continue to enjoy special status.
