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Should Doge look at eliminating this?

Posted on: February 8, 2025 at 11:24:52 CT
JAG83 MU
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The oil and gas industry is expected to reap $1.7 billion in 2025 from the intangible drilling tax break, and $9.7 billion over the next 10 years. It is expected to realize $880 million in benefits from the depletion allowance tax break in 2025, and $15.6 billion by 2034.
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Should Doge look at eliminating this? - JAG83 MU - 2/8 11:24:52
     Those are typical costs and depreciation - FootballRefugee MU - 2/8 12:22:38
          RE: Those are typical costs and depreciation - JAG83 MU - 2/8 13:08:18
               No, they're paying what they owe under the law - FootballRefugee MU - 2/8 13:23:59
                    RE: No, they're paying what they owe under the law - JAG83 MU - 2/8 13:52:13
                         Not special at all - FootballRefugee MU - 2/8 21:42:21
               Good. The more energy the better. - Coors4bob STL - 2/8 13:20:40
     RE: Should Doge look at eliminating this? - MOCO SON MU - 2/8 12:21:56
     Do you know what those are? - BigDave MU - 2/8 12:12:59
          RE: Do you know what those are? - JAG83 MU - 2/8 13:07:25
               Nonsense - BigDave MU - 2/8 14:52:30
     Not unless you want to overhaul the tax system. Can we get - BH O'bonga MU - 2/8 12:08:22
     you’re confused (nm) - pickle MU - 2/8 12:06:25
          RE: you’re confused (nm) - JAG83 MU - 2/8 13:08:43
     That's not spending(nm) - CulturedDan MU - 2/8 11:57:53
     My first big client was an oil producer - mu7176grad MU - 2/8 11:51:55
          RE: My first big client was an oil producer - JAG83 MU - 2/8 12:59:47
     RE: Should Doge look at eliminating this? - sarasotatiger MU - 2/8 11:46:07
     I’m all in on tax breaks - Bosalphus KC - 2/8 11:36:20
          RE: I’m all in on tax breaks - JAG83 MU - 2/8 13:01:27
               Across the board (nm) - Bosalphus KC - 2/8 13:11:21
     tax breaks? meh (nm) - SwampTiger MU - 2/8 11:35:23
     Yes, gut it all - Columbian Gold MU - 2/8 11:30:41
     It's true, there might be a way to give the oil industry - RayKinsella1922 SEC - 2/8 11:26:06
     Yes, along with any green energy tax breaks and subsidies. - RHAYWORTH MU - 2/8 11:25:53




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