Thursday, March 8, 2012

Democratic megadonors like Soros to benefit from Nat Gas act

Sen. Robert “Bob” Menendez (D – N.J.) introduced an amendment to the transportation bill that included provisions from a bill he introduced to the Senate in November, the New Alternative Transportation to Give Americans Solutions act, or Natural Gas act. - S. E. Robinson/Human Events

Less than a day after the Menendez amendment was filed, an attempt by Senate Majority Leader Harry Reid (D – Nev.) to reach cloture failed. Although Wednesday’s Senate debate raised amendments both sides agree are unrelated to the bill itself, the Menendez Amendment – aka the Nat Gas act – is a hidden gem for Democrats and two of their most generous supporters....

The Senate version would make 100 percent of the cost of building natural gas stations tax deductible and would create a spike in demand for natural gas engine systems such as those offered by Westport—a NASDAQ traded company whose top investors include George Soros and Kevin G. Douglas, according to filings with the Securities and Exchange Commission.

Both Soros and Douglas have given considerable sums of money to President Barack Obama and Democrats in recent years, according to Federal Election Commission records. Douglas and his wife Michelle M. contributed more than $130,000 to President Barack Obama and Democrats, according to Federal Election Commission records. Read more