Saturday, October 23

BUSH TAX CUT BILL FOR ENERGY COMPANIES


Thanks goodness that with all the critical issues he confronts, Furious George is spending precious time and political capital to ensure that energy companies can drill without risk, since the government will repay their loans:

Both big energy companies and small independent energy producers will benefit from the $140 billion corporate tax cut bill that President George W. Bush signed into law on Friday...This should make it easier and cheaper for private energy companies to get financing for the pipeline, because if the companies cannot repay the loans the government will do so.

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