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COMMENTS: Grant’s Golden Loophole
NBC kicked off a week of Fleecing of America features by sending Lisa Myers to the Twin Creeks Mine in Elko to teach us a history lesson. Why do mines on federal lands not pay a penny in royalties for gold and silver even though they are owed for coal and oil? The loophole was written into the mining law under Ulysses S Grant in 1872. How come that law has never been amended? "Credited with stopping reform in recent years, the Senate's top Democrat, Harry Reid of Nevada." What state is Elko in? Need you ask?
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