We finish up our series with Congresswoman Cynthia Lummis (R-Wyo.) talking about energy.
Some have said that President Barack Obama's proposal to take away tax breaks from oil companies will hurt Wyoming oil and gas producers. While the president says that the goal is to take away from big oil, the proposal has potential to hurt smaller companies that rely on breaks which provide things such as relief from taxation on wells as they decrease production over time.
This comes in the same week as the release of the EPA's new proposed rules governing coal fired power plants, also pushed by the president. Rep. Cynthia Lummis shared her comments with Sheridan Media on the president's energy policy, beginning with what she believes happens to power plants if the rules stand.
The Obama proposal to take away breaks has potential to bring in billions in additional tax revenue in a relatively short amount of time. Obama tried similar changes to last year which failed, and many expect the same for the proposal this go-round.
Lummis will be in Sheridan today to speak at the Sheridan County Republican Women's luncheon at 11:30 at the Historic Sheridan Inn.