Happy 100th Birthday, Big Oil Tax Breaks | ThinkProgress »

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Automatic across-the-board budget cuts will take hold on Friday, affecting job growth, state education programs, environmental agencies, and women’s health programs. The sequester actually shares an important anniversary — with Big Oil tax breaks. It is not as well-known a date, but one type of deduction, the percentage depletion allowance, celebrates its 100-year anniversary today. [...] Source Main page (current trends)

More about: 100th birthday, Big Oil tax, Big Oil Tax Breaks, budget cuts, environmental agencies, health programs, percentage depletion allowance, state education programs, thinkprogress

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