Billions of dollars in tax breaks for oil and natural gas producers will be eliminated under a proposal US congressional tax writers are floating. But they’re also floating a proposal that would make these tax breaks pretty much permanent.
They are thinking about getting rid of the controversial production tax credit for wind and also thinking about keeping it for a very long time. They might take up a carbon tax, they might not and they might raise the federal gasoline tax, or lower it. It’s really unclear at this point.