Senate GOP blocks windfall taxes on Big Oil (AP)

Posted on June 10th, 2008 by

Senate Finance Committee Chairman Sen. Max Baucus, D-Mont., center, accompanied by fellow Senate Democrats, listens to a reporter's question during a news conference on Capitol Hill in Washington, Tuesday, June 10,2008, on the failed Senate vote on a windfall tax for oil companies. From left are, Sen. Jeff Bingaman, D-N.M.; Sen. Charles Schumer, D-N.Y.; Baucus; Sen. Bernard Sanders, I-Vt., and Sen. Claire McCaskill, D-Mo. (AP Photo/Susan Walsh)AP - Saved by Senate Republicans, big oil companies dodged an attempt Tuesday to slap them with a windfall profits tax and take away billions of dollars in tax breaks in response to the record gasoline prices that have the nation fuming.

Original post by AP

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