On the Motion S.Amdt. 2982: motion to waive CBA re: wellstone amdt no. 2982; To scale back corporate welfare in the tax code by eliminating the deduction for intangible drilling and development costs for oil, gas, and geo-thermal wells, by eliminating the corporate minimum tax provisions, by eliminating the foreign earned income exclusion, and by eliminating the section 936 possession tax credit, and use the savings for deficit reduction.
Result: Rejected (25-73, 1 member not voting, 3/5 threshold)
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