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This radio news story aired on Dec 28,2009
A SPECIAL TAX TARGETING THE CHEVRON CORPORATION AND IT’S LONE OIL
REFINERY IN NORTHERN CALIFORNIA HAS BEEN STRUCK DOWN BY A JUDGE. A TAX ON THE VALUE OF RAW MATERIALS, INCLUDING CRUDE OIL, USED IN ALL LOCAL MANUFACTURING WAS APPROVED BY VOTERS LAST YEAR IN THE SAN FRANCISCO BAY AREA CITY OF RICHMOND, CALIFORNIA. THE JUDGE’S RULING THAT THE TAX IS UNCONSTITUTIONAL AND VIOLATES STATE LAW ALSO SAYS THAT CHEVRON IS ENTITLED TO A ROUGHLY 20 MILLION DOLLAR REFUND FROM THE CASH STRAPPED CITY. ERIC KLEIN HAS MORE:
