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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsDemocrats split on mining royalties
U.S. senators of both parties at a hearing Tuesday rejected House Democrats plans to impose billions of dollars in royalties and other fees on companies that mine for gold, copper, lithium and other minerals, largely in Southwestern states.
Among the opponents was Nevada Democrat Catherine Cortez Masto, who said she objected to the House proposal because of its unfair, outsized impact on her gold-producing state and because it is included in a sweeping, $3.5 trillion package that would move through the budget reconciliation process. Under that procedure, Democrats would need just a simple majority for passage in the Senate.
The mining royalty issue is likely to re-emerge when senators mark up their version of the $3.5 trillion bill, which is also likely to be scaled back considerably after disagreements between moderate and progressive Democrats over its price tag.
An 1872 federal law set the standard for hard-rock mining, allowing companies to skip paying royalties on minerals taken from public lands. Environmentalists, fiscal hawks and some congressional Democrats have for decades sought to add a royalty rate for miners of hard-rock minerals.
Read more: https://minnesotareformer.com/2021/10/06/democrats-split-on-mining-royalties/
bucolic_frolic
(43,062 posts)Now we know why they never look: royalty payments.
Klaralven
(7,510 posts)https://www.theatlantic.com/photo/2014/08/the-urban-oil-fields-of-los-angeles/100799/
That Southern California car culture didn't just happen. There were reasons.