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View Diary: Rep. Jan Schakowsky releases deficit reduction plan (194 comments)

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  •  Increased tax could also mean less profits (0+ / 0-)

    Last time I checked, the oil companies are not exactly starved for profits. A few extra points of taxes on their enormous profits is not going bring down civilization.

    As to investment into alternative energy - what makes you think the private sector will not finance it? If cap & trade is in place, they will have a financial incentive to move to alternative energy. No government subsidies needed.

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