U.S. Rep. Mike Pompeo (R-Kan.) has reintroduced legislation that would repeal numerous energy tax subsidies, including the cellulosic biofuel producer credit, the biodiesel and renewable diesel tax credit, the wind production tax credit and the enhanced oil recovery credit.
01-21-2013 The House and Senate passed legislation Tuesday designed to avert the so-called fiscal cliff, a combination of tax increases for individuals and cuts to government spending. The legislation overwhelmingly passed the Senate, 89-8, and passed the House 257-167, with 85 Republicans voting in favor of the legislation. The legislation includes extensions of some energy tax credits that are important to NATSO members.
01-02-2013 Virginia State Sen. John Watkins rolled out his new transportation funding plan that will raise the gas tax, lower the income tax, and eliminate tax credits and exemptions. The plan includes a 14-cent per gallon fuel tax increase that Watkins said would raise about $734 million and avoid tolls proposed by Gov. Bob McDonnell to pay for road construction. Watkins said he will propose the legislation in January.
11-19-2012 Expert explore costs of the recently upheld the health care law.
09-01-2012 The lights are always on at businesses that operate 24 hours a day, seven days a week.
01-01-2011