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Posts Tagged ‘Royalty’

June 30th, 2012 - 11:04 am § in News Of Economy

US Congress votes to withdraw Tax Breaks for oil companies

Democrat controlled U.S. Congress has finally passed legislation that would withdraw $14 billion in tax breaks and subsidies given to oil drillers. The money will now be used to develop alternative energy projects and conservation technologies. However, the Bush administration has criticized the bil[...]