The House bill targets a tax break Congress provided in 2005 to help domestic manufacturers compete with foreign companies. It would limit the amount of tax credits the largest U.S. oil companies could claim under that law. The bill also limits the tax break provided to oil companies in connection with foreign oil and gas extraction. |
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Sheila Samples is an Oklahoma writer and a former civilian US Army Public Information Officer. She is a Managing Editor for OpEd News, and a regular contributor for a variety of Internet sites.