From The Reformed Broker:
The
NYT's Joe Nocera feels the same way about the Natural Gas Act as I do. We both acknowledge the fact that it will be very beneficial to its champion, T. Boone Pickens... and we both say "so what?"
Can't something be good for the country and good for the man behind an $80 million lobbying effort at the same time?
Here's Joe on why the Natural Gas Act is obviously good policy:
The Pickens bill creates tax incentives – $1 billion a year for five years – to encourage manufacturers to begin building heavy-duty trucks that will be powered by natural gas instead of diesel. It also gives some tax incentives to truck-stop owners who install natural gas filling stations to help create the infrastructure.
On the face of it, this seems like...
Read full article...
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