Close Big Oil Tax Loopholes Act

Corporate | Environment | Tax Policy

Big Oil Tax Breaks Continue After Procedural Vote
ByKelly Phillips Erb May 18, 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…

Read More Big Oil Tax Breaks Continue After Procedural Vote
Corporate | Tax Policy

Tax Breaks For Big Oil Back In The News
ByKelly Phillips Erb May 9, 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…

Read More Tax Breaks For Big Oil Back In The News