Sec. 10022. Sense of Congress expressing disapproval of the proposed tax hikes on the oil and natural gas industry in the President’s fiscal year 2024 budget request
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Congress finds that President Biden’s fiscal year 2024 budget request proposes to repeal tax provisions that are vital to the oil and natural gas industry of the United States, resulting in a $31,000,000,000 tax hike on oil and natural gas producers in the United States. It is the sense of Congress that Congress disapproves of the proposed tax hike on the oil and natural gas industry in the President’s fiscal year 2024 budget request.