Democrat Senators Introduce Bill to Raise Gasoline Prices
"Senators Robert Menendez, Sherrod Brown and Claire McCaskill, who face tight races in next year's elections, introduced the bill as U.S. gasoline prices hovered just under $4 a gallon, about 14 cents off a record hit in 2008. . . . It would modify foreign tax credit rules that companies use to lower their U.S. tax payments. It would also limit deductions of income attributable to oil and natural gas production, and eliminate domestic manufacturing tax deductions for the companies." [rdbrewer]