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energy bill gets stomped in Senate

13 years ago | Dec 08, 2007
The energy bill that did so well in the House didn't make it past the Senate (NYTimes). It will probably be extensively revised before circling back around again. Quotable:
But the complex and costly bill faces the prospect of a radical rewrite in the Senate because of opposition there to two provisions: $21 billion in new taxes, mostly on the oil industry, and a mandate that electric utilities must generate 15 percent of their power from alternative sources, like wind or solar. The White House threatened to veto the bill if the final version contains those or several other provisions passed by the House.

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