OTHER NEWS - July 30, 1992

Provision to Give Tax Breaks to Oil Firms Passes Test: The Senate voted to give independent oil and gas producers $1 billion in tax breaks as part of a wide-ranging energy bill aimed at reducing the nation’s dependence on foreign oil. On a 63-32 vote, it defeated an attempt by Sen. Bill Bradley (D-N.J.) to knock the oil and gas benefits from a bill that also provides tax incentives for conservation, solar energy, bus and commuter train tickets and cars powered by fuels other than gasoline. The Senate will vote today on the overall bill. If passed, it will be sent to long-delayed negotiations with House sponsors of similar legislation.