senator bernie sanders

U.S. Lawmakers Reject Plan to Tax Back Oil Company Profits

U.S. Lawmakers Reject Plan to Tax Back Oil Company Profits

By J.R. Pegg WASHINGTON, DC, June 10, 2008 (ENS) – Senate Republicans today derailed a Democratic plan to revoke tax breaks for big oil companies and impose a tax on excessive profits, arguing the proposal would do little to help Americans suffering from record-high gasoline prices. Debate over the measure reflected deep and long-standing partisan…