Lawmakers Consider Tax Breaks For Oil And Gas

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As lawmakers hash out differences between the tax bills in front of Congress, they must decide whether to keep a proposed tax break for oil and gas investors — and just how big the reduction should be.

Both the House and Senate versions cut the tax rate for owners of oil and gas companies that operate as publicly traded partnerships. These companies, such as Shell and Energy Transfer Partners operating in Pennsylvania, span many aspects of the industry, from drillers to pipeline operators to gas processors and oil refiners.

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