Tag: Max Baucus

Tax proposal would deal big blows to Big Oil

Rep. Dave Camp’s plan to overhaul the nation’s tax code would deal major blows to independent refiners and the nation’s biggest oil and gas companies, blocking them from taking some long-cherished deductions and forcing them to use an accounting method that would hike their tax bills when crude prices climb. But independent oil and gas producers as well as midstream pipeline companies dodged big hits in Camp’s long-awaited proposal.  More »

Senate tax plan spares big oil industry deduction

Although Sen. Max Baucus has taken aim at a host of tax deductions cherished by the oil and gas industry, one big deduction has stayed out of his crosshairs.  More »

Wind tax credit expires at midnight

The stroke of midnight will mark not just the end of 2013, but also the death of a popular tax credit that has helped finance wind farms and other renewable energy projects across the U.S.  More »

Senate shuffle could put oil industry ally at top of energy panel

President Barack Obama’s reported decision to nominate Sen. Max Baucus to be the next U.S. ambassador to China sets off a chain of events that could put an oil and gas industry ally, Sen. Mary Landrieu, D-La., in charge of the Senate energy committee.  More »

Oil industry battles tax change

More than a dozen oil and gas trade groups on Friday blasted a leading Senate tax plan that takes aim at incentives long cherished by the industry.  More »

Senate plan takes aim at oil industry tax breaks

Senate Finance Committee Chairman Max Baucus on Thursday unveiled a proposal to spike a raft of oil industry tax breaks as part of a broader plan to lower the corporate tax rate.  More »

Most voters oppose raising energy taxes, industry poll shows

Most registered voters oppose raising energy taxes now and believe higher taxes on oil and natural gas companies would hike costs for consumers, according to a poll unveiled Tuesday.  More »

Baucus’ retirement could put Louisiana Democrat in charge of energy panel

Sen. Max Baucus’ decision to retire sets in motion a chain of events that could end with Sen. Mary Landrieu taking the helm of the Energy and Natural Resources Committee, putting the Louisiana Democrat in the driver’s seat for big debates on offshore drilling and natural gas production.  More »

Senators call for speedy Keystone XL decision

A bipartisan group of 20 senators on Tuesday implored their former colleague John Kerry to ensure the State Department approves the proposed Keystone XL pipeline by April.  More »

53 senators push Obama to approve Keystone XL

A bipartisan group of 53 senators on Wednesday urged President Barack Obama to approve the controversial Keystone XL pipeline, over the objections of environmental activists who have made it a signature issue.  More »

Senate GOP seeks vote on Keystone amendment to highway bill

Senate Republican Leader Mitch McConnell indicated Tuesday that Republicans would push for a vote on a transportation bill amendment that would approve the Keystone XL pipeline.  More »

GOP to push votes on Keystone XL, drilling measures

Congressional Republicans will move to get legislation approving the Keystone XL pipeline through the House and Senate by using surface-transportation bills that both chambers are taking up this week. The House version of the transportation bill also contains provisions expanding oil-and-gas drilling.  More »

Senate Dems take aim at tax breaks for biggest oil companies *updated*

Senate Democrats today unveiled a plan to slash a portfolio of tax deductions and credits claimed by the five biggest oil companies. The $21 billion in projected savings over the next 10 years would be dedicated to cutting the federal deficit.  More »