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Senate blocks bill to repeal two billion oil tax breaks
The Senate defeated 52 to 48 a bill that would abolish about 2 billion annually in tax breaks for Shell ExxonMobil ConocoPhillips BP America and Chevron. Democrats push deficit talk while Republicans warn higher prices and argue for offshore drilling expansion. The measure faced party splits with two Republicans voting yes and three Democrats opposing.
MENTIONED IN THIS ARTICLE
Washington
Senate
Congress
White House
Obama
U.S. Treasury
Robert Menendez
D-N.j
Mary Landrieu
Louisiana
Ben Nelson
Nebraska
Mark Begich
Alaska
Olympia Snowe
Susan Collins
Maine
U.S. Chamber of Commerce
Shell Oil Co
ExxonMobil
Conoco
Gulf of Mexico
Virginia
Chamber of Commerce
House
Mitch McConnell
Kentucky
Barack Obama
U.S