From Trish Turner, the FOX News senior Capitol Hill producer:
Sen Dem Leader Harry Reid, D-Nev, is expected to set a vote for early next week on legislation to repeal billions in federal subsidies for the oil and gas industries.
Good! The subsidies aren't huge, and the depreciation allowance applies to other industries, but Congress should end special tax breaks for everyone. They should repeal special deals for ALL types of energy.
Nuclear receives billions in federal loan guarantees. Let's end that.
Wind, solar, and ethanol receive lots of federal subsidies and "investments." Let's end those!
I won't hold my breath. Turner reports:
President Obama has said he would like to use the increased revenue to invest in so-called green energy technology.