House OKs taxes on oil companiesBody plans to use money from fees and taxes, an estimated $15B, for renewable fuels; bill faces less certain future in Senate H. Josef Hebert Associated Press Writer
The House rolled back billions of dollars in oil industry subsidies Jan. 18 in what supporters hailed as a new direction in energy policy toward more renewable fuels. Critics said the action would reduce domestic oil production and increase reliance on imports.
The energy legislation was the last o....
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Republicans call bill grandstanding
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