Tax Blog

Presidential Action

On Tuesday, March 28, President Trump announced new plan in order to help the coal mining industry. While controversial, the plan will undo a rule by the Obama administration affecting the levels of Carbon Dioxide limits in new coal plants. Next federal land will become available for coal mining. There is currently a moratorium on coal mining of federal property. Finally, long term environmental considerations will be removed for routine decision making.

Again, while this is controversial in regards to the environment, the short term effects will be lower energy prices and higher revenues to the federal government in terms of lease revenue and tax revenue. It will affect your company in terms of less overall energy expenses in terms of fuel, electric, and heating and cooling costs. The next president will likely undo all of these changes, but for now the energy spigot is on once again.

Sign Up


Success! Message received.