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Thursday, July 28, 2005

Corporate Welfare

Once again, the Republican controlled House leaves no corporation behind:
The House on Thursday easily approved an energy bill packed with $14.5 billion in tax breaks and incentives and hailed by Republicans as a major change in energy policy. Environmental and consumer groups criticized the legislation as a giveaway to an industry enjoying record profits with crude oil prices near $60 a barrel, while spending little on ways to curb demand or encourage renewable energy.

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