Inhofe said the bill had not been analyzed by the congressional authorities to determine how much the tax breaks would cost the U.S. Treasury.
He said the proposed incentives for natural gas vehicles would come at “an enormous cost,'' possibly billions of dollars.
“The bottom line is that the promise of natural gas vehicles strong on its own — it does not need taxpayer subsidies to thrive,'' Inhofe said.
Rep. John Sullivan, R-Tulsa, the lead sponsor of a natural gas vehicle bill in the House, said the proposal was supported by a majority of senators and that he was disappointed the amendment
“Gas prices are on the rise with no relief in sight,” Sullivan said. “How many times does history have to repeat itself before Washington stops bickering and starts focusing on ending our $1
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Wind tax credit fails
An extension of a longtime federal tax credit for wind energy production failed Tuesday in the U.S. Senate.
The amendment to a transportation funding bill failed to gain 60 votes for further action. The vote was 49-49, with Oklahoma's Republican senators, Tom Coburn and Jim Inhofe, voting against the amendment.
The measure would have extended a 2.2-cent per kilowatt-hour tax credit for wind energy production that will expire Dec. 31. The credit dates to 1992.