Mandates-(d)

(Raquel Simental) Andrews, Edmund L. “Democrats Press Plan to Channel Billions in Oil Subsidies to Renewable Fuels.” //The New York Times// 18 June 2007, late ed.: 16.** In an effort to cut back subsidies for the oil and gas industry the Senate Finance Committee will take up a bill that would raise about $14 billion from oil companies over 10 years and use that money to finance the development of new and cleaner sources of energy. The package has the support of the ranking Republican on the Senate Finance Committee, Senator Charles Grassley of Iowa. It is not known to what extent President Bush or Republicans in Congress will fight the proposed tax increase
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