10 March 2006

$9 Billion Loophole for Synthetic Fuel

CNN has an article detailing a $9 billion loophole in the tax code to
spur synthetic fuel development. Unfortunately, spraying coal with
pine tar qualifies. From the article: 'The wording is so bland and
buried so deep within a 324-page budget document that almost no one
would notice that a multibillion-dollar scam is going on. Not the
members of Congress voting for it and certainly not the taxpayers who
will get fleeced by it. And that is exactly the idea.

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