What: All Issues : Fair Taxation : S 517. National Energy Plan/Vote to Table (Kill) an Amendment Designed to Prevent Social Security Funds From Being Used for Oil Industry Tax Breaks. (2002 senate Roll Call 93)
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S 517. National Energy Plan/Vote to Table (Kill) an Amendment Designed to Prevent Social Security Funds From Being Used for Oil Industry Tax Breaks.
senate Roll Call 93     Apr 25, 2002
Progressive Position:
Nay
Progressive Result:
Loss

A number of tax credits were included in the Democratic energy plan in the Senate. Graham (D-FL) introduced an amendment to require legislation to compensate for the revenue lost from one tax break in particular: an incentive to oil companies for production during slumps in the market. Progressives generally supported the idea of offsetting special corporate tax breaks of this sort, to prevent them from being paid for out of Social Security money. Nickles (R-OK) brought a motion to table (kill) the Graham amendment, meaning a vote against the motion was a Progressive vote. The motion passed, 70-29, thus killing the amendment.

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