Posts tagged as:

big oil

Sarah Palin Emails Show Discord Over Oil Tax

12 June 2011

This week, the big political news (other than the continuing saga of Weiner-gate) was the release of Sarah Palin’s emails. The emails – about 24,000 of them – were distributed by state of Alaska in response to Freedom of Information Act requests filed by news organizations during the 2008 presidential race. To be fair, I [...]

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Midweek Tax Wrap Up

18 May 2011

In case you’ve missed some key articles this week: Multinational corporations closer to tax holiday. Read more by clicking here. San Jose gets a revenue boost from taxing marijuana. Read more by clicking here. Refunds and post tax season planning. Read more by clicking here. Big Oil procedural vote goes nowhere. Read more by clicking [...]

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Big Oil Tax Breaks Continue After Procedural Vote

18 May 2011

I said it would be a tough vote and it was: the Senate voted this week to block a proposal to curb tax breaks for big oil. The Democratic effort to launch S.B. 940, known as the Close Big Oil Tax Loopholes Act, would have ended tax breaks for the top five most profitable oil [...]

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Tax Breaks for Big Oil Back In the News

9 May 2011

The soaring price of gasoline is definitely attracting some attention these days. According to the most recent data available, it will cost you, on average, $1.065/gallon more to fill your tank this year than at the same time last year. Considering that the typical American drives 13,476 miles per year, that means that we’re spending [...]

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House Votes to Repeal Big Oil Tax Cuts

28 February 2008

The House of Representatives has voted to repeal $18 billion of tax breaks for oil and gas producers, as expected. The bill passed by a vote of 236-182. The bill now heads to the Senate, where it will be more difficult to get a win. Even if it does pass in the Senate, the White [...]

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Bush to Veto Tax Cut Repeal for Big Oil

26 February 2008

On Wednesday, Congress will consider rolling back nearly $18 billion in tax breaks for large oil companies pushed through in 2005. The White House has already voiced its intention to veto such a bill if it passes. Democrats are hopeful that the bill will pass. Last year, a similar bill languished in the Senate when [...]

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