The House has again passed an energy tax bill that would increase taxes on major oil and gas producers by $18 billion while providing incentives for renewable energy.
The Senate has already blocked similar legislation three times in the past year. The White House has also threatened to veto the bill, which the House passed by a 236-182 vote. But House leaders hailed passage of the bill, the Renewable Energy and Energy Conservation Tax Act of 2008.
Register or login for access to this item and much more
All Accounting Today content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access