Oil Industry Fights Against Efforts To Eliminate Tax Credits

The oil and natural gas industry does not get treated fairly on taxes, the American Petroleum Institute said. This comes as Senate Democrats are proposing to slash at least $20 billion in tax credits for producers. “If the opportunity is provided for us to safely and reliably produce our domestic resources here at home, you’d see enormous benefits to the government in terms of revenue, enormous benefits in terms of jobs,” said Marty Durbin, API’s executive vice president for government affairs. Read more- The Hill/E2 Wire Blog.

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