The Latest Breaking News from Michael D Crapo

Incentives for clean energy and research and development could move as part of a year-end tax bill when the dust settles after the midterms

WASHINGTON — Senators are considering restoring a more generous tax break for companies’ research and development spending as part of a slimmed-down economic competitiveness bill focused on boosting domestic semiconductor manufacturing.

President Biden, on a trip to Tokyo, lays out an economic framework for the US and 12 other countries to counter China's influence.

An effort to add bipartisan tax incentives for U.S. semiconductor manufacturing to a House bill is running into GOP divisions.

WASHINGTON — Google and other companies will fail to meet ambitious climate targets unless legislation and regulations are quickly approved and imposed that ramp up demand for cleaner forms of energy, the tech giant said in a new policy statement.

Google said it won't meet its climate goals unless the Senate passes the $2.2 trillion bill blocked by Democratic Sen Joe Manchin III.

WASHINGTON — Senate Finance Committee Democrats are discussing ways to tax large oil and gas companies’ excess profits that could be tied to the recent spike in global crude oil prices and use the revenue to provide financial support to consumers impacted by higher costs at the pump.

Driven by sharply higher gas prices, Democrats are discussing ways to tax large oil and gas companies' excess profits and return the money to consumers.