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Thursday, February 02, 2006

 

Byrd Amendment Finally Dying



Here is some good news on the legislative front:


WASHINGTON, DC, United States (UPI) -- Congress repealed the so-called Byrd Amendment Wednesday on a 216-214 House vote when it passed the Deficit Reduction Act of 2005.

President Bush says he will sign the bill, which contains a delayed repeal of the Continued Dumping and Subsidy Offset Act, as the law named for Sen. Robert Byrd, D-W.Va., is formally known.

This is great news for small government Conservatives! This amendment, sponsored by KKK Byrd of West Virginia has shelled out $1.26 BILLION in subsidies to businesses in the USA supposedly suffering from foreign competition.

Fully $476 million of that amount has gone to one corporation, the Timken Co. and its subsidiaries. And last year, more than half of all pay-outs went to five companies.


END Corporate welfare NOW!

This is a good death.

Source Page- UPI report

-WTH
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