Thursday, June 10, 2010

Senate Democrats propose fivefold increase in tax on offshore oil

Senate Democrats brought up legislation Tuesday coupling a fivefold increase in the tax that oil companies pay into a spill liability fund with help for the jobless, doctors and cash-starved states.

The sprawling, 364-page bill contains many provisions long overdue for completion by Congress, including the renewal of dozens of popular but expired tax breaks for individuals and businesses.

Senate Democrats propose fivefold increase in tax on offshore oil

No comments: