Effort to repeal oil tax fails in Senate

The Senate on Tuesday rejected a measure that would have repealed some $35 billion in oil and gas industry tax breaks as it continued work on a bill that would raise taxes on investment fund managers. As the environmental fallout from the BP PLC oil spill threatens to taint the entire oil industry, Exxon Mobil Corp. is giving its two cents worth. In blog form.

State Representative Dan Scripps says the Michigan Constitution should ban drilling for oil in the Great Lakes.

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