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About that pipeline tax “windfall”

July 16, 2012

Nebraska’s tax proceeds from the first year of operation for the Keystone I pipeline crossing the eastern edge of the state proved to be less than half the $5.5 million annual number that TransCanada claimed when promoting the project.  The actual figure is around $2.2 million.  TransCanada, ever the optimist, claims that the number will rise in the current fiscal year, an assertion that raises logical skepticism.  Fool me once, shame on you, fool me twice, shame on me, as they say.

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