Senate blocks bill to kill industry tax breaks

Blocked: procedural vote on stripping tax breaks from oil companies fails in Senate

Republicans in the US Senate blocked legislation on Thursday to strip billions of dollars in tax breaks for the biggest oil companies in the US, calling the bill a political stunt that would not help tamp down surging gasoline prices.

User

Become an Upstream member!

Membership includes a subscription to our weekly newspaper providing in-depth news from the energy industry, plus full-access to this site and its archives. Still not convinced? Try our free trial.

Already a member?

Login