Telephone lines were open for comments on the Senate Finance Committee hearing with oil executives on ending tax breaks for the largest multinational oil and gas companies. A portion of Senator Orrin Hatch questioning executives about the impact on prices of raising taxes on oil production was shown. Also, a clip of comments made by Majority Leader Harry Reid on the Senate floor regarding Republicans' stance on subsidies for oil was shown. close
Stephen Power spoke by phone about the Senate Finance Committee hearing with oil industry CEOS on subsidies their…
Oil and Gas Industry Tax Breaks
Senators debated ending subsidies and tax breaks for teh oil and gas industry.
Oil Drilling Subsidies
Lynn Garner was interviewed by phone about a Senate bill to end oil drilling tax subsidies.
Telephone lines were open for comments on the question, “How do rising gas prices affect your finances, and will they affect…