The American Petroleum Institute, the powerful oil and gas industry trade association, is coming out against an amendment sponsored by Sen. Bill Nelson (D-Fla.) that would exclude much of the industry from a key manufacturing tax deduction.
On the House floor, Rep. Eliot Engel (D-N.Y.) just said he will introduce legislation that would prevent oil companies from claiming a tax deduction for oil spill expenses. Engel did not give details on the legislation, but I’ve put a call into his office to get a copy of the More…
With conservatives screaming from the rafters about the elimination of a business tax deduction for retiree benefits in the Democrats’ health reform law, The New York Times responds today with a pretty convincing argument for why the change makes sense.
First, here’s how the 2003 Medicare More…
Nice catch by Todd Heywood of The Michigan Messenger:
U.S. Rep. Thaddeus McCotter [R-Mich.], has introduced legislation to create a tax deduction for pet owners’ expenses related to their pets.
According to the pet industry trade magazine, Pet Product News, McCotter, a Livonia Republican, introduced the legislation July 31 in
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