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The Energy 202: Budget deal picks winners and losers in energy industry

On February 27th, 2018

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Just after 5:30 a.m. Friday morning, Congress moved to end the blink-and-you-missed-it five-hour government shutdown. The deal sets spending levels for two years, including a massive increase in military spending and a significant boost to domestic programs.

It also includes coveted tax breaks for the energy sector.

As part of the package, several energy sectors secured long-sought tax breaks designed to give a leg up to up-and-coming forms of energy production. Other types of energy sources, meanwhile, were left in the cold.

In total, critics say, the last-minute negotiations, which often apply tax breaks both going forward and retroactively, make for a haphazard way of setting government goals.

REPOSTED FROM THE WASHINGTON POST - READ FULL ARTICLE

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