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Economic News, Data and Analysis

Billions in Tax Breaks for Industry

No surprise here…
I thought the US economy was supposed to be based on free market principles… sorry, my mistake…

Republican energy bill contains tax breaks, incentives – Nov. 15, 2003
WASHINGTON (Reuters) – Republican lawmakers unveiled Saturday a massive energy bill loaded with $20 billion in tax breaks they said would create U.S. jobs while boosting oil, natural gas, coal and nuclear production.
The legislation, mostly written in secret by Republicans, carries a higher price tag than the $16 billion in energy industry benefits proposed in an earlier version.
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