Senate Declines to Close Big Oil Tax Loopholes
The comments on S. 940 represent an interesting cross-section of perspectives on whether oil companies should lose tax deductions—some comment on Congress, too, of course.
Earlier today, the Senate declined to move forward with the bill, voting 52-48 in favor of continuing debate. But the “aye” side required 60 votes to win.
So the “big oil tax loopholes” aren’t going away just yet!