Energy incentives tax bill passes Senate committee

02/25/2002
A new bipartisan $14 billion US energy tax bill has passed the Senate Finance Committee. Lobbyists say it is unclear where the budget offsets will come to pay for the measure, which contains about $4 billion in credits and incentives for the oil and gas industry.Senate Democratic leaders plan to add the proposal to a pending energy reform package that Senate Majority Leader Tom Daschle (D-SD) says will be debated this month. More serious legislative action isn't expected until later in the month.The Republican-led House of Representatives last August passed a comprehensive energy bill that also includes oil and gas provisions that congressional budget-makers estimate will cost $8 bill...
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