Tuesday’s vote in the House of Representatives and today’s vote in the U.S. Senate will place Wyoming’s $675 million per year federal mineral royalty payments annually to the state of Wyoming in jeopardy. Four states, Wyoming, Alaska, New Mexico, and Montana could face the loss of $1.3 billion dollars in lost FMR’s if the tax cut passes.
Since neither the House or the Senate plan has enough money to pay for itself, the tax cut would go into sequestration which requires all federal agencies to have budget cuts across the board. This act includes reducing federal payments for oil, natural gas, a...
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