TITLE

Senate Dems: Cut Oil Tax Breaks To Reduce Deficit

PUB. DATE
May 2011
SOURCE
Energy Daily;5/11/2011, Issue 90, p6
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article reports that a group of U.S. Senate Democrats have proposed to eliminate several tax breaks for oil companies, including ExxonMobil, Chevron, Shell, British Petroleum and ConocoPhillips, and use the funds to help reduce the federal deficit instead of the original proposal to apply the savings to alternative fuel development. The legislation was introduced by Senators Robert Menendez, Claire McCaskill, Jon Tester and Sherrod Brown. An overview of the proposal introduced by Senate Finance Committee Chairman Max Baucus is given.
ACCESSION #
61279494

 

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