Senate approves new taxes for big oil (29 B)

[DS1]

WASHINGTON - A proposal to hit oil companies with $29 billion in new taxes advanced in the Senate on Tuesday, targeting the money to energy conservation, wind turbines, electric hybrid cars and clean coal technology.
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The massive tax package, double what Democrats had talked about as recently as last week, is "designed to promote clean and sustainable energy," said Sen. Max Baucus (news, bio, voting record), D-Mont., chairman of the Finance Committee that approved the measure by a 15-5 vote.

It will be added to energy legislation being considered by the full Senate

http://news.yahoo.com/s/ap/20070619/ap_on_go_co/congress_energy;_ylt=Ap.D8.xH9Gxs5mqk5gzAFE0b.3QA

[Tandalayo_Scheisskopf]

1. Good.

And if they attempt to pass that on to the consumer, then they need to revisit the issue. They need to be told in stark terms that their days of unchecked economic predation are over.

[MadMaddie]

2. And guaranteed......* will Veto this bill....can't be taxing his

oil buddies now....

But he will cut funding for child healthcare or military healthcare in a heartbeat...

[rucky]

3. DEMOCRATS RAISE TAXES!

Sound the out-of-context alarm.