Industry representatives, Sen. Joe Manchin and others are still debating competing claims on how Democrats' spending and tax bill will affect U.S. energy.
say taxes in the bill are likely to be among the most harmful factors to their bottom lines. The American Gas Association, along with more than two dozen other industry groups, said in a letter to Congress that a $6.5 billion tax on methane emissions would result in consumers paying about 17% more for natural gas.
Manchin wrote back to them in a pointed letter, pushing back on the characterization of the coal mining levy as a new tax. That tax has been around since 1985, he wrote, and only recently lapsed. "The argument that this is a new tax is a lie," Manchin said. "[E]very coal company has and will continue to budget for this tax each and every year."in the bill would not touch coal companies, which often struggle with profits, at all.
Bradbury of AXPC, however, said that while coal companies may be spared from the tax, it will fall on "some domesticThe state coal groups also argued that the most harmful effect of the bill on them would be the subsidies directed primarily at helping green energy.
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