Sentences with phrase «oil tax breaks»

The paper also proposes a strategy to raise the necessary revenue through increases in specific sources of revenues, including a fee on imported oil, elimination of antiquated and expensive oil tax breaks, and modest increases to a limited number of infrastructure user fees.

Not exact matches

Efforts to curtail the tax breaks are likely to face fierce opposition in Congress; the oil and natural gas industry has spent $ 340 million on lobbyists since 2008, according to the nonpartisan Center for Responsive Politics, which monitors political spending.

Obama wants to do away with corporate tax benefits like oil and natural gas industry subsidies, special breaks for the purchase of private jets and certain corporate tax shelters.

He spoke of a five - year freeze in domestic spending, eliminating tax breaks for oil companies and reversing tax cuts for the wealthiest Americans, banning congressional earmarks, and reducing healthcare costs.

Oil and gas tax breaks cost about $ 2 billion a year, but they are among the most durable tax breaks in the code.

As I said then, I'm bullish because the purchasing manager's index (PMI) is up and oil prices are down, thanks to the ingenuity of Texas fracking, which has created a global peace tax break.

Ending the tax breaks to energy companies so as to finance the switch to clean energy is nice but oil explorers will lobby or else move to exploring in nations that require the advanced technology that U.S. energy companies thrive on and they will entice them with all types of incentives.

They managed to deliver tax breaks for the rich and oil companies, that's indisputable, but not on any of the «moral» issues they've used since the early 70s to get votes from religious people.

This article goes along SWELL with the other article today about how big oil still needs tax breaks.

A new campaign finance report reveals that some oil and gas companies that got a special tax break from the GOP tax bill donated to the House's top tax writer, even as Congress was finalizing the legislation.

Relegislate abortion, defend marriage, protect millionaires, abolish collective bargaining, hand out unfathomable tax breaks to giant oil corporations, dismantle the most popular and necessary entitlement program, and threaten to destroy America's international credit rating, but what has the GOP done for me lately?

Call Congressman Tom Latham at [phone] and tell him not to gamble our future to protect tax breaks for Big Oil and billionaires.

First Grimm voted with his Republican leadership to end Medicare while protecting subsidies for Big Oil and tax breaks for billionaires.

«Congress can pass a balanced plan that reduces the deficit with smart spending cuts, ends tax breaks for millionaires and closes wasteful tax loopholes for Big Oil companies that are already making record profits,» a woman's voice says in the call.

Congressman Tom Latham and Speaker Boehner would rather our economy default just to protect tax breaks for Big Oil companies and billionaire jet - owners.

The Conservatives have a poor record on the environment in office, launching a dash for fossil fuels including massive tax breaks for fracking and North Sea oil and gas.

According to the DCCC, the billboard, located at 441 Washington & McBride, Syracuse, will be up for the next month to target the congresswoman for «voting to end Medicare for seniors and raise health care costs, while protecting tax breaks for the ultra wealthy and Big Oil.»

Schumer said Senate Democrats have proposed paying for the initiative by eliminating tax breaks for oil and gas companies, and instituting a minimum tax rate of 30 percent on those earning more than $ 1 million per year.

At the same time, the Republican budget continues to provide $ 40 billion in tax breaks for oil companies.

«Whether it's getting rid of high - risk energy loan guarantees, reining in wasteful crop insurance or ending lucrative oil and gas tax breaks, eliminating wasteful spending that harms the environment just makes sense.»

Proposed repeal of oil - industry tax breaks White House budget documents re-emphasize Obama's proposals to end billions of dollars in oil industry tax breaks — plans that face stiff resistance on Capitol Hill from oil - state Democrats and most Republicans.

This is why tax breaks abound for oil companies at a time of record profits.

Critics rail against policies brazenly favoring the oil industry — tax breaks, subsidies, and a regulatory climate just this side of whoopee — making it sound like environmental degradation was part of the founders» original intent.

Still, people have been saying for a long time that we need a higher gas tax to pay for our crumbling infrastructure, and the recent nose - dive in oil prices might provide the perfect opportunity to phase in a higher tax rate without breaking anyone's bank.

The budget did include a straight up tax break for investment in North Sea oil, as well as a freeze on fuel duty increases.

And given the lobbying power of energy - extracting industries, along with those reliant on them (automakers, electric utilities), can embedded advantages, ranging from cheap rail rates for coal to direct tax breaks for oil drillers, be diminished?

Production of oil, coal and natural gas is subsidized with tax breaks for reasons both practical and political.

This article would be more informative if it listed the specific tax breaks for coal, oil, gas and nuclear, and provided a dollar amount for each.

It is unclear to me how oil subsidies and lack of tax breaks for an upstart renewable energy industry will help further these goals.

It is stupid to get rid of tax breaks for DOMESTIC oil and gas production.

This ignorance leads to radio ads decrying NIMBYism as the only reason for disallowing offshore drilling, even while these rich landowners still don't allow any wind / solar where they can see, make up all sorts of lies about wind / solar, while bush refuses to give equal subsidies to «alternative» energy and refuses to tax windfall profits to oil companies, who break records year after year in profits...

If we removed all the tax breaks for exploration and refining, tacked the military cost of maintaining the oil hegemony onto the price of oil, and

In my view (and I've seen energy and environment close up in every election since Pres. Nixon's rather revolutionary Environmental Message of the early 1970s == too bad there was that third rate break in to spoil his record) the tests for all the candidates will be whether they will substiture oil taxes for off - oil subsidies, carbon taxes to level the whole field, and then and only then decide where we need to push or pull a bit (like with the fuel economy standards, long over due, and boy will they take a long time to arrive in full force.)

In addition, UCS members are calling on Congress to immediately repeal tax breaks for ExxonMobil and other major oil companies and redirect that money to renewable energy programs and energy efficiency technologies that will help fight global warming.

And even though he doesn't want to spend much on renewable energy, he's actually proposed giving $ 4 billion more in tax breaks to the biggest oil companies in America — including $ 1.2 billion to Exxon - Mobil.

He votes against good environmental policy and for billions of dollars in tax - breaks to Big Oil.

When added together, the many indirect costs to society — including climate change, oil industry tax breaks, military protection of the oil supply, oil industry subsidies, oil spills, and treatment of auto exhaust - related respiratory illnesses — total roughly $ 12 per gallon.

Opponents of the resolution expected the Simmons amendment to be a poison pill, as it would include renewable fuel subsidies and oil industry tax breaks important to many ALEC legislators.

North Sea oil got a tax break last week and that's hardly a new industry.

The energy legislation is controversial because it could roll back nearly $ 16 billion in tax breaks for oil companies and provide a variety of tax incentives and other measures to boost renewable energy.

Immediately repeal existing tax breaks for fossil fuel exploration and production, and halt efforts to extend and expand tax credits for unconventional fossil fuel production technologies, like carbon capture and storage and enhanced oil recovery.

-- perhaps the «problem» is not big oil or big coal, both of which have discovered there is big money to be made from tax breaks and other subsidies justified in the name of combating carbon.

But that doesn't even include their undisclosed contributions to the U.S. Chamber of Commerce, the American Petroleum Institute, or other organizations that also support tax breaks for Big Oil.

Additionally, though there are now some EV incentives, oil and other fossil fuels still get huge tax breaks and other giveaways.

In Pennsylvania, a state that's been heavily fracked, former governor Tom Corbett bent over backwards to give ridiculous tax breaks to Big Oil and Gas in exchange for campaign contributions.

Concerns have also been expressed that the Temer government is inviting an «oil frenzy» by giving companies a package of major tax breaks.

Reduce dependency on (imported) fossil fuels (balance of payments, reliance on potentially unfriendly or unstable nations as suppliers, high cost at the pump, all problems as seen from US viewpoint): — encourage nuclear power generation (cut red tape)-- encourage energy savings and improved efficiency projects (tax breaks)-- encourage basic research into new (non fossil fuel) resources (subsidies)-- encourage imports from friendly neighbor, Canada (Keystone pipeline)-- encourage local oil and gas exploration («drill, baby, drill»)-- encourage «clean coal» projects (tax incentives)-- set goal to become energy independent within ten years

[applause] And we pay for all of it by taking away tax breaks for oil companies and putting a price on carbon pollution - a step that will also reduce our carbon emissions 80 % by 2050.

According to the Democratic staff letter, the bill would repeal reduced tax rates for major integrated oil companies, drop foreign income tax deductions for companies that produce oil and natural gas overseas and drop a tax break for companies to write off some exploration expenses.

Clinton's campaign pegs the estimated cost of the entire plan at about $ 60 billion over 10 years, which would be offset by eliminating tax breaks for the oil and gas industry.