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$9 Billion Loophole for Synthetic Fuel

Posted by ryuzaki0 on from the that's-a-dirty-pool dept.

Rondrin writes "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.'"

1 of 328 comments (clear)

  1. Coal by jlebrech · · Score: 0, Offtopic

    Yeah the nazi's used to make oil from coal during WWII because of the US embargo.