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President Barack Obama spoke up for the economic interests of the little guy in his State of the Union speech to Congress on January 24th. On January 26th, the President spoke in Las Vegas about using taxpayer dollars to improve the economic well-being on one of those little guys in particular—Texas billionaire T. Boone Pickens. He urged voters to support the Pickens Payoff Plan (officially titled the NAT GAS Act), a bipartisan bill sponsored in the Senate by Majority Leader Harry Reid of Nevada and in the House by Representative John Sullivan (R-Okla.).
The bill, H. R. 1380 in the House and S. 1863 in the Senate, would provide huge new subsidies to buyers and users of heavy duty trucks that use natural gas. Pickens owns Clean Energy Fuels, which builds and runs natural gas service stations. He also has major investments in a number of companies in the natural gas industry. The value of these investments would probably increase by several billion dollars if the bill were enacted.
President Barack Obama spoke up for the economic interests of the little guy in his State of the Union speech to Congress on January 24th. On January 26th, the President spoke in Las Vegas about using taxpayer dollars to improve the economic well-being on one of those little guys in particular—Texas billionaire T. Boone Pickens. He urged voters to support the Pickens Payoff Plan (officially titled the NAT GAS Act), a bipartisan bill sponsored in the Senate by Majority Leader Harry Reid of Nevada and in the House by Representative John Sullivan (R-Okla.).
The bill, H. R. 1380 in the House and S. 1863 in the Senate, would provide huge new subsidies to buyers and users of heavy duty trucks that use natural gas. Pickens owns Clean Energy Fuels, which builds and runs natural gas service stations. He also has major investments in a number of companies in the natural gas industry. The value of these investments would probably increase by several billion dollars if the bill were enacted.
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