Tax-breaks fracture FSC revision

Ed Feulner, president of the Heritage Foundation, “explains”:http://www.heritage.org/Press/Commentary/ed051004c.cfm why the Congress has so far failed to pass a law fixing the FSC export subsidies that the WTO found (twice) were illegal, risking an increase in sanctions already being applied by the EU. bq. There ought to be a law against such shenanigans. Unfortunately, we already know it would never pass. (“Heritage Foundation”:http://www.heritage.org/Press/Commentary/ed051004c.cfm) UPDATE: the LA Times “reports”:http://www.latimes.com/news/printedition/asection/la-na-tax12may12,1,1864041.story?coll=la-news-a_section that, as Feulner predicted, the Senate has passed it’s version of a revision with what Sen. John McCain calls a ‘christmas tree of goodies for ever conceivable special interest’.

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