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Sen. Hillary Clinton said that the record profits of "the oil companies" should be put in an alternative-energy fund.(The Week)(Brief article)

National Review

| March 05, 2007 | COPYRIGHT 2007 National Review, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

Sen. Hillary Clinton said that the record profits of "the oil companies" should be put in an alternative-energy fund. She is right about the record profits: ExxonMobil made $39.5 billion last year, more than any other company in history. But its profit came second to that of the government, which took $100.7 billion from the company (according to the Tax Foundation). Oil-profit taxes have a long record of discouraging ...

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