Dems propose keeping oil and gas industry tax breaks

How House Democrats Plan to Raise $2.9 Trillion for a Safety Net - The New  York Times

 

President Biden doesn’t get everything he wants from Congress when it comes to his attacks on the oil and gas industry in Oklahoma and across the U.S.

Take for example his call to end the tax breaks for oil and gas producers. Congress ignored Biden this week, unveiling a draft tax overhaul in the House Ways and Means Committee that kept the tax deductions helping oil companies recover the costs of drilling.

Environmentalists didn’t like it. Read more at Bloomberg.

 

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