feed-image Floor Action - The Hill's Floor Action Feed »
  May 17, 2011, 6:53 pm

Senate rejects bill to cut oil tax breaks

By Andrew Restuccia

The Senate voted not to advance the Democratic bill that would cut billions in tax breaks for big oil companies.

Read more...
comment Comments
E-mail Print share
 
  May 17, 2011, 5:27 pm

Rand Paul: Obama administration an ‘enemy to production’

By Josiah Ryan

The Obama administration is an “enemy to production” and is responsible for high gas prices, freshman Sen. Rand Paul (R-Ky.) said on Tuesday.

“Demand for oil and gas is outstripping supply,” said Paul. “Why don't we have more supply? Because the current administration is basically an enemy to production, an enemy to drilling, an enemy to all things related to energy.”

Read more...
comment Comments
E-mail Print share
 
  May 17, 2011, 4:27 pm

Senate Dems seek FTC investigation into alleged gasoline price fixing

By Pete Kasperowicz

Four Senate Democrats this week asked the Federal Trade Commission (FTC) to investigate whether U.S. oil refineries are purposefully cutting back capacity levels in order to keep gasoline prices high.

Read more...
comment Comments
E-mail Print share
 
  May 17, 2011, 4:04 pm

Sen. Murkowski says Democrats are 'punishing' Big Oil for making money

By Josiah Ryan

Sens. Murkowski and Boxer jousted on the Senate floor Tuesday regarding the repeal of tax breaks for Big Oil.

Read more...
comment Comments
E-mail Print share
 
  May 17, 2011, 3:49 pm

Sen. Landrieu calls Senate oil-tax vote 'entertainment'

By Pete Kasperowicz

Democratic Sen. Mary Landrieu (La.) said Tuesday's planned Senate vote to raise taxes on oil companies is mere "entertainment," and accused her fellow Democrats of picking on companies that already pay a higher proportion of taxes than many other industries.

Read more...
comment Comments
E-mail Print share
 
  May 17, 2011, 2:41 pm

White House supports Senate bill to end 'wasteful subsidies' to oil companies

By Pete Kasperowicz

The Obama administration on Tuesday said it "strongly supports" a Senate bill that would increase taxes on oil companies, which the Senate was debating Tuesday afternoon but was expected to reject in a vote Tuesday evening.

In a Statement of Administration Policy, the White House said it has put forward a plan to cut U.S. oil imports by one-third by 2025 and increase domestic production. "It is also clear that there are much more responsible ways to utilize the billions in taxpayer dollars provided to oil and gas companies through unwarranted tax breaks," it said.

Read more...
comment Comments
E-mail Print share
 
  May 17, 2011, 1:45 pm

Congress looking for Obama to clarify Libya mission in Thursday speech

By Pete Kasperowicz

Members of Congress this week will be closely listening to President Obama's Thursday speech at the State Department for a clarification on whether U.S. military forces will continue operations in Libya beyond late May, which many believe would require congressional approval.

The United Nations on March 17 voted to enforce a no-fly zone in Libya, and military operations began on March 19. The Obama administration authorized the participation of U.S. military forces under the War Powers Resolution, which allows the president to commit U.S. forces for up to 60 days without congressional approval.

Read more...
comment Comments
E-mail Print share
 
  May 17, 2011, 12:58 pm

Senate clears 24th judicial nominee this year

By Josiah Ryan

The Senate confirmed the nomination of Susan Carney, 71-28, on Tuesday to serve on the second U.S. Circuit Court of Appeals.

Carney is the third circuit court nominee confirmed this year and the 24th overall judicial nominee.

President Obama nominated Carney for the seat being vacated by Judge Barrington Daniels Parker Jr. on May 20, 2010 — almost exactly one year ago. 

comment Comments
E-mail Print share
 
  May 17, 2011, 11:40 am

In lead-up to vote, Reid argues oil bill could lower gas prices

By Josiah Ryan

Senate Majority Leader Harry Reid (D-Nev.) suggested Tuesday that the Democrats' bill eliminating tax breaks for the big five oil companies could be the first step in helping bring down "exorbitant gas prices.”

“We have to do something about the exorbitant gas prices, and the best way to start with that is to do something about the five big oil companies getting subsidies they don't need,” Reid said on the Senate floor Tuesday morning.

But two different studies concluded the bill would have no affect on gas prices.

Read more...
comment Comments
E-mail Print share
 
  May 17, 2011, 10:59 am

CBO says taxing cars by the mile could raise money for highways

By Pete Kasperowicz

This is the second time the Congressional Budget Office has presented the idea as an option for generating revenue.

Read more...
comment Comments
E-mail Print share
 
« Start< Prev581582583584585586587588589590Next >End »
 

More Videos »

Floor Action Twitter - Click to follow
More From The Web
bloglogo

More Briefing Room »

More Congress Blog »

More Pundits Blog »

More Twitter Room »

More Hillicon Valley »

More E2-Wire (Energy) »

More Ballot Box »

More On The Money »

More Healthwatch »

More Floor Action »

More Transportation »

More DEFCON Hill »

More Global Affairs »

More In The Know »

More RegWatch »

Get latest news from The Hill direct to your inbox, RSS reader and mobile devices.