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RSS FeedsTax Bill: Fossil Fuel Provision Would Personally Enrich Republican Lawmakers
(WorldNews Environment)

 
 

14 december 2017 10:08:22

 
Tax Bill: Fossil Fuel Provision Would Personally Enrich Republican Lawmakers
(WorldNews Environment)
 


The rich get richer and the earth gets hurt. When Texas Sen. John Cornyn slipped an obscure tax break for pipeline giants into the GOP tax bill, he wasn`t just helping major Republican Party donors, he was also potentially helping 16 of his congressional colleagues. Together those 16 lawmakers - 13 Republicans, three Democrats - own multimillion-dollar stakes in the special investment vehicles that stand to benefit from Cornyn´s amendment. They include three of members of the Texas Congressional delegation: Sen. Ted Cruz and two top Republicans in the U.S. House. Cornyn´s amendment, which was introduced just hours before the Senate passed the tax bill on Dec. 2, provides a tax deduction for...


 
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