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Trump Promises Tax Cuts for Oil and Gas Producers

OilPrice.com Thursday, 20 February 2025 ()
President Donald Trump will enlist the help of Republicans in Congress to reduce the debt burden on households and companies, notable oil and gas producers, whom he will allow to expense 100% of capital spending, according to Reuters. “If you buy something that is going to be good for our country, we're going to let you expense it,” Trump stated. “We're going to dramatically cut taxes for families and for workers and for companies, including no tax on tips and hopefully no tax on Social Security and no tax on overtime,”…
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