Senate Debating Cloture on Energy Bill

By December 13, 2007Energy

Sen. Pete Domenici (R-NM) pleading with Senate Democrats to pass an energy bill without the tax increase on the oil industry, saying the President will veto the bill otherwise. And why sacrifice the good provisions — CAFE standards — in order to raise taxes, the Senator asks.

Sen. Kay Bailey Hutchison (R-TX) also questioned the inconsistent tax policy, saying energy companies need tax predictability to encourage investment decisions.

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