Today, the U.S. Senate passed a provision to modify the federal excise tax on Liquefied Natural Gas and Propane as part of the three month highway funding extension. The provision, introduced by Senator Michael Bennet (D-CO) and Senator Richard Burr (R-NC), will make modifications to the Excise Tax for Liquefied Natural Gas (LNG) and Liquefied Petroleum Gas (LPG), allowing natural gas to compete fairly with diesel by taxing the fuel on an energy output basis rather than per gallon. Under the current system, Americans are unfairly paying about 70% more in taxes to fill up their cars and trucks with comparatively cleaner Natural Gas than diesel.

Bennet, Murray Highlight New Support for Legislation Guaranteeing Paid Sick Days

New state-by-state data shows millions of American workers still cannot take time to recover from illness or care for a family member without jeopardizing their paycheck

Support is growing in the U.S. Senate for a bill that would allow workers to earn paid sick leave, as newly-released data shows that the lack of such access continues to affect tens of millions of families across the country.

Senate Passes Bennet-Backed Veterans Entrepreneurship Act

Bipartisan Bill Waives SBA Loan Fees for Veterans

Colorado U.S. Senator Michael Bennet celebrated the Senate passage of the Veterans Entrepreneurship Act. The bipartisan bill will support veteran entrepreneurship and veteran-owned small businesses by increasing access to credit through the Small Business Administration (SBA).
U.S. Senators Michael Bennet (D-CO) and Richard Burr (R-NC) today applauded the Chairman of the Senate Energy and Natural Resources committee, Senator Lisa Murkowski (R-Alaska), and the Committee's Ranking Member, Senator Maria Cantwell (D-Wash), on their announcement of an agreement on a bill to permanently reauthorize the Land and Water Conservation Fund (LWCF). This bill would ensure LWCF can fully realize its promise to conserve parks, open spaces, and wildlife habitat for the benefit of hunting, fishing, and outdoor recreation.

Bennet Secures Wind PTC Extension, Fights Back Efforts to Dismantle It

Wind PTC Extended for Two Years in Tax Extenders Bill Approved by Senate Finance Committee

Colorado U.S. Senator Michael Bennet today secured a two-year extension of the wind energy production tax credit (PTC) in the tax extenders bill approved by the Senate Finance Committee. Bennet also fought back against several amendments designed to phase out and eliminate the credit altogether.

Bennet Amendment to Extend, Expand Teacher Tax Deduction Passes Committee

Adds Professional Development to Eligible Expenses; Indexes $250 Tax Deduction to Inflation

The U.S. Senate Finance Committee today adopted an amendment by Colorado U.S. Senator Michael Bennet to extend and expand tax deductions for teachers who spend their own money on the job. The amendment, also sponsored by Senator Richard Burr (R-NC), to the tax extenders bill would increase the $250 educator expense tax deduction by indexing it to inflation. It would also allow teachers to use the deduction for professional development, which is often costly expenses for teachers.