Did you know the White House is opposed to the oil companies voluntarily donating 10% of their windfall profits to a heating oil fund for the poor? Its going to be a tough winter.
WASHINGTON (Reuters) - The Bush administration opposes a Republican proposal that oil companies voluntarily contribute some of their record profits to a federal fund that helps poor Americans pay winter heating bills, Energy Secretary Sam Bodman said on Wednesday.
On Tuesday, Senate Finance Chairman Charles Grassley sent a letter to U.S. energy companies, urging them to donate 10 percent of their swelling profits to the Low Income Home Energy Assistance Program (LIHEAP).
Asked by reporters if the administration supported the plan, Bodman responded: "No, sir. I wouldn't support it. It is similar to a tax."
http://today.reuters.com/news/newsArticle.aspx?type=domesticNews&storyID=2005-11-02T191431Z_01_SIB269237_RTRUKOC_0_US-ENERGY-USA.xml&archived=False
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