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Manchin Spending Deal Includes Billions in Oil Import Taxes

  • Superfund tax would hit refiners, petroleum product importers
  • Spending bill also includes measures welcomed by oil industry
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Manchin Pitches Sinema on Democrats’ Tax-Climate Bill
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The climate and tax spending deal announced last week by Senate Majority Leader Chuck Schumer and Senator Joe Manchin could cost billions in new taxes. 

The legislation, which may get a Senate vote as soon as this week, would reinstate and increase a long-lapsed tax on crude and imported petroleum products to 16.4 cents per barrel, according to a summary of the plan released Sunday by the Senate’s tax-writing committee.