U.S. Rep. Steve King, R-Kiron, remains opposed to a multi-billion bailout bill for some major financial institutions but he tells The Des Moines Register it likely will pass, aided by some tax breaks the Senate added for among other things wind and biodiesel.

King still opposes the $700 billion bailout of the financial services sector because he thinks it should be done without a federal takeover of banks’ troubled assets. King says the government would be better off eliminating capital gains taxes on investors willing to take over the assets.