Markey Presses IRS To Eliminate Tar Sands Tax Loophole

By Erica Teichert (August 1, 2012, 4:05 PM EDT) -- Rep. Edward J. Markey, D-Mass., urged the U.S. Department of the Treasury and Internal Revenue Service on Tuesday to close a potential loophole absolving tar sands oil importers from paying excise taxes for an oil spill fund, saying the IRS erroneously determined tar sands aren't crude oil products....

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