Both sides frustrated as Senate rejects Menendez oil tax bill

The US Senate procedurally rejected Robert Menendez's (D-NJ) bill that would have ended several federal tax deductions for the five largest US oil companies and redirect the money to deficit reduction and alternative energy research and development subsidies. Democrats who wanted to bring S. 2044 to a vote and Republicans who wanted to broaden the discussion appeared equally frustrated as 51 senators rejected a cloture motion, which would have ended debate with 60 affirmative votes. "How seriously can we take debt reduction when people are unwilling to pluck the low-hanging fruit?" Claire McCaskill (D-Mo.) said following the Mar. 29 vote. "We're borrowing money to prop up, ...

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