S. 115, The Oil SENSE Act (1 comment ↓)

  • This item is from the 110th Congress (2007-2008) and is no longer current. Comments, voting, and wiki editing have been disabled, and the cost/savings estimate has been frozen.
  • This bill, or a similar bill, was reintroduced in the current Congress as S. 1455, The Recovery Enhancement for Addiction Treatment Act.

S. 115 would suspend royalty relief, repeal certain provisions of the Energy Policy Act of 2005, and amend the Internal Revenue Code of 1986 to repeal certain tax incentives for the oil and gas industry.

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September 8, 2008, 8:39am (report abuse)

The government needs to get completely OUT of the free market. Don't subsidize industry and don't take their profits. Our government seems to be obsessed with finding ways to take other people's money. It is ruining American business and families. The free market will find ways to reduce our energy costs, without being forced to do so. I have much more faith in the American people than I do FEDzilla.

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