Democratic lawmakers led by the Massachusetts senator Elizabeth Warren are pressing two energy companies about their efforts to “win a $1.1bn tax loophole” in President Trump’s so-called “big, beautiful bill.”
The proposed exemption, which Senate Republicans inserted into their version of the reconciliation mega-bill this month, would exempt fossil fuel companies from paying a tax codified by Biden in 2022.
“It’s an insult to working people to give oil companies a massive tax handout while slashing healthcare and raising energy prices for millions of families,” Warren, who was a major advocate for the tax, told the Guardian.
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