As quickly as the idea was proposed, the prospect of $ 100 gas-rebate checks for taxpayers was taken off the Senate table.
Senate Majority Leader Bill Frist, R-Tenn., withdrew a proposed tax change on oil company inventory accounting after hearing criticism from President Bush and industry leaders. The measure would have covered the bulk of the cost of such a tax benefit.
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