“Clean Energy for America” Bill Targets Landowner Royalties

The Democrats in Congress are making another run at punishing (eliminating) the use of fossil fuels. About a month ago Senate Finance Committee Chairman Ron Wyden (wacko from Oregon) and 24 fellow Senate Democrats introduced a bill called "The Clean Energy for America Act"--an overhaul of the federal energy tax code, aimed at combating nonexistent human-caused climate change. This time around the Dems are targeting (among other things) repeal of the percentage depletion allowance that landowners and investors use in offsetting royalty payments for tax purposes. In other words, mom and pop landowners that receive royalties will see their federal income tax bills go up. Unless you stop this disgusting bill now, before it becomes law.

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