Tax-breaks fracture FSC revision

Ed Feul­ner, pres­i­dent of the Her­itage Foun­da­tion, “explains”: 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”: UPDATE: the LA Times “reports”:,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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