Oil-Friendly Tax Bill Nears Finish Line

摘要

US lawmakers have reached an agreement on a major tax overhaul that would lower the US corporate tax rate to 21% and maintain many tax benefits for the oil industry, sources confirmed to Oil Daily on Wednesday. The semi-final deal comes from a House-Senate conference committee tasked with ironing out the differences between similar tax overhauls passed by each chamber. Republican leaders hope that the new compromise package will be approved by both chambers next week and ready for President Donald Trump to sign.