Energy industry

Senate Democrats have scrapped a $4,500 bonus tax credit for electric vehicles made with domestic union labor as they seek to wrap up negotiations on a spending deal.

Oil companies that record a profit margin better than 10% would face a proposed new federal surtax, as Democrats struggle to curb U.S. energy costs and broader inflation.

The Democratic senator pushed back on proposal to expand the popular credit, adding a new obstacle to White House plans for fighting climate change.

Energy-policy mess; time is not on your side; cybersecurity planning; and other highlights from our favorite tax bloggers.

Several states have taken steps to temporarily roll back their gasoline taxes, a move the Biden administration is considering backing on the federal level.

U.S. governors from California to New York are proposing tax cuts, rebates and other forms of relief to drivers paying more than $4 a gallon to fill their gasoline tanks amid Russia’s war with Ukraine.

Senators Sheldon Whitehouse and Elizabeth Warren say they’re working on a proposed new tax targeting profits being reaped by oil companies as crude prices spike amid geopolitical tensions.

As companies rush to set climate goals, some aren’t even getting the basics quite right when it comes to accounting for greenhouse-gas emissions.

It’s been 20 years, to the day, since Enron Corp. filed for bankruptcy, forever cementing its legacy as the poster child of corporate fraud.

The latest version of the spending package, which is still being debated, includes a minimum tax of 15% on a corporation’s book income.