… except when a Big Oil company is owned by their favorite dictator. From Investor's Business Daily:
Congress made this even worse by ensuring that its discrimination against the big oils would benefit Citgo, which happens to be owned by those same companies' worst tormentor abroad — the brutal leftist dictatorship of Venezuela's Hugo Chavez.
Under this bill, the dictator's oil subsidiary keeps its 6% deduction for U.S. domestic manufacturing — the one the American oil companies lose — because Citgo, technically, buys from Chavez.
[Bill number incorrect in the original, corrected here.]
Michelle has further comments. Like all but eight Democratic congresspeople, New Hampshire's Carol Shea-Porter and Paul Hodes voted for this bill.