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Thursday, October 2, 2008

Business Breaks Sweeten Bailout Package


Maybe the tenth time will be a charm. Last night was the tenth time since June 2007 that an extension of wind and solar tax credits have gone to the floor of the Senate. Seven times they have been stuck in bills that have gone to the floor of the House of Representatives. And they're still not law. Solar and wind industry executives hope that the tax credits will finally be adopted as part of the rescue plan for the U.S. financial industry — though environmentalists are lamenting that the package also includes $894 million of tax breaks for oil refineries using tar sands or coal-to-liquids technology. (Washington Post, Thursday)

Politics = corruption.

FEE Timely Classic
Businessndash;Government Collusion by Eric-Charles Banfield