Senate agrees to debate Menendez's latest oil tax bill

04/02/2012
The US Senate voted overwhelmingly to proceed with debate on Sen. Robert Menendez's (D-NJ) bill to increase taxes on the five largest US oil companies by repealing several federal tax deductions they use. The 92-to-4 vote late toward the end of the Senate's Mar. 26 session cleared the way for up to 30 hr of debate on S. 2204 to begin as soon as the afternoon of Mar. 27. "I understand that several members from the across the aisle plan to vote to debate my bill, even though they oppose it," Menendez said in a floor statement before the vote. "I hope they do, because I'll be interested to hear their reasons for not taking wasteful subsidies these companies don't need and usin...
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