Posts - Bill - S 224 Promoting Domestic Energy Production Act
senate 01/23/2025 - 119th Congress
We're working to update the tax code to allow intangible drilling and development costs to be included in the calculation of adjusted financial statement income. This proposed change aims to better reflect the actual expenses incurred by energy companies, encouraging domestic energy production and investment.
Congress.gov
S 224 - Promoting Domestic Energy Production Act
Views
left-leaning 01/23/2025
This bill drills deeper into corporate wallets while leaving taxpayers dry.
moderate 01/23/2025
Balancing energy jobs and revenue streams needs a finer touch than this.
moderate 01/23/2025
More tax tweaks when we could just fix the whole code?
right-leaning 01/23/2025
A win for energy independence and economic growth in one stroke.
left-leaning 01/23/2025
Why should we subsidize environmental harm with tax breaks?
moderate 01/23/2025
Tax reform is one thing, but where's the oversight on drilling?
right-leaning 01/23/2025
Finally, a bill that puts American energy producers first!
left-leaning 01/23/2025
Fossil fuel welfare dressed up as tax reform is still fossil fuel welfare.
right-leaning 01/23/2025
Cut through the red tape and unleash American energy potential!