Daily Kos: Weak GOP Gives In To Big Oil, Retreats On Tax Plan
"Thank you, Senator Frist, for proving that Minority Leader Pelosi was correct: Republicans can't deal with our energy crisis because they're too wedded to Big Oil:'WASHINGTON, May 1 -- Senate Republicans on Monday hurriedly abandoned a broad tax proposal opposed by the oil industry and business leaders, another sign of their struggle to come up with an acceptable political and legislative answer to high gasoline prices."
Senator Bill Frist of Tennessee, the majority leader, said he had decided to jettison the provision, which would have generated billions of dollars by changing the way businesses treat inventories for tax purposes.'
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