Politics

House Dems seek to stop $10B BP tax credit

interns Contributor

Two House Democrats — Eliot Engel (D-N.Y.) and Raul Grijalva (D-Ariz.) — introduced separate bills Friday that would prevent BP from claiming a nearly $10 billion tax credit for its oil-spill response costs.

The bills are just one of several political attacks aimed at the embattled oil giant. The House on Friday passed a bill that prevents BP from obtaining new offshore leases for years to come.

Full story: House Dems seek to stop $10B BP tax credit – The Hill’s E2-Wire