Thursday, 21 June 2007

Senate drops tax package, boosts auto fuel rules

(Reuters) - But the Senate dropped $32 billion in clean-energy incentives after Republicans objected to about $29 billion in extra taxes on big U.S. oil companies.




Minutes before midnight, the Senate voted 65-27 to approve the Democratic rewrite of U.S. energy policy, which would mandate a four-fold use in ethanol in motor gasoline by 2022 and raise vehicle fuel-efficiency standards by 10 miles per gallon, or to 35 miles per gallon by 2020.


Read more at Reuters.com Government Filings News

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