Posts filtered on Tag
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.
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.
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.
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 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.
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.
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.
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.
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.
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.