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The Guardian - US
The Guardian - US
World
Dharna Noor

Elizabeth Warren presses oil companies on tax break lobbying for Senate bill

Elizabeth Warren Oil Chuck Schumer James Lankford ConocoPhillips Ovintiv
a women speaking
Senator Elizabeth Warren: ‘It’s an insult to working people to give oil companies a massive tax handout while slashing healthcare and raising energy prices.’ Photograph: José Luis Magaña/AP

Democratic lawmakers led by the Massachusetts senator Elizabeth Warren are pressing two energy companies about their efforts to “win a $1.1bn tax loophole” in Donald Trump’s so-called “big, beautiful bill”.

The proposed exemption, which Senate Republicans inserted into their version of the reconciliation mega-bill this month, would exempt fossil fuel companies from paying a tax codified by Biden in 2022.

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