Happy 100th Birthday, Big Oil Tax Breaks

Happy 100th Birthday, Big Oil Tax Breaks: 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. [...]/p