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  • Energy Tax Facts
  • 1 Jun 21

Washington Examiner: Senate Democrats propose overhauling energy tax code to combat climate change

“The provisions of this bill that repeal an array of oil and natural gas tax deductions were written solely to undermine American production,” said Barry Russell, president and CEO of the Independent Petroleum Association of America, which represents independent and small oil and gas producers.

Senate Minority Leader Mitch McConnell, during a speech on the Senate floor Wednesday, compared Wyden’s bill to the left-wing Green New Deal, arguing the legislation would increase energy costs for consumers, discourage energy industry innovations from curbing emissions, and risk U.S. energy security.