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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!

Tags: , | Categories: Energy, Taxation |

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