Yarmuth Bill to End Oil Subsidies, Return Cash to Motorists

Echoing President Barack Obama‚Äôs call to close tax loopholes for the oil and gas industry, U.S. Rep. John Yarmuth, D-Ky., unveiled a bill Monday that will end federal subsidies to oil companies and return the savings to American motorists. The Gas Rebate Act of 2012 would take the nearly $40 billion in savings from closing […]

McConnell: Democrats Playing Blame Game on Energy Crisis

Claiming Democrats are staging a “dog and pony show”, Senate Minority Leader Mitch McConnell, R-Ky., blasted plans to revoke billions in tax subsidies given to oil companies in a speech on the Senate floor Tuesday. Eliminating those tax breaks has been a goal of President Barack Obama and congressional Democrats for some time, but there’s […]