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The U.S. Capitol dome and U.S. Senate (R) in Washington, August 2, 2011. REUTERS/Jonathan Ernst

House Republican: funding bill lifts ban on crude oil exports

WASHINGTON – U.S. House Republicans plan to file a government funding bill on Tuesday night that will include a provision lifting the U.S. ban on crude oil exports, congressman Reid Ribble said.

“The oil export ban is lifted,” Ribble said.

Ribble, a Wisconsin Republican, also said the spending bill will include tax credits for wind and solar power but they are temporary and expire in several years.

“The tax credits on wind and solar go down each year until they expire,” Ribble said after a Republican caucus meeting. These credits were requested by Democrats.

There was also an agreement on a permanent research and development tax credit, according to Republican Representative Ann Wagner of Missouri.

She said the bill will include a two-year delay to the “Cadillac tax” on high-cost health plans and the medical device tax would also be postponed for two years.

In related news, Oil export ban in play in final-stage talks on budget deal.

(Reporting by Susan Cornwell and Rick Cowan; Editing by Eric Beech)

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