Leaner

The House Ways and Means Committee completed its mark-up of a much-leaner energy tax package Wednesday, accepting Chairman Bill Thomas’s (R-CA) mark and rejecting all amendments, a committee aide said.. The Joint Committee on Taxation has estimated the tax portion of the energy bill will cost the Treasury $8.1 billion between 2005 and 2015, which is less than one third of the cost of the energy tax breaks and incentives approved by the House in late 2003.

Chairman Pete Domenici (R-NM) of the Senate Energy and Natural Resources Committee has given up his quest to piggyback the broad energy measure on another legislative vehicle. Instead, he offered the energy measure (now S. 2095) as separate legislation Thursday.

Chairman Pete Domenici (R-NM) of the Senate Energy and Natural Resources Committee last week gave up his quest to piggyback the broad energy measure to another legislative vehicle. Instead, he offered the energy measure (now S. 2095) as separate legislation on Thursday.

On the heels of his announcement of a “leaner” energy bill, Senate Energy and Natural Resources Committee Chairman Pete Domenici (R-NM) indicated Tuesday that he is looking to cut the cost of the omnibus energy measure by as much as one-third before offering it on the Senate floor later this month as an amendment to a larger bill.