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Like what you're reading? Sign up - get the Weekly Wastebasket and our ongoing analysis. Free, every week, just the facts.https://www.taxpayer.net/wastebasket/
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Catch up on our coverage of Congress' response to the pandemic, starting with the first stimulus package and to the presence. We read the bills so you don't have to.https://www.taxpayer.net/budget-appropriations-tax/covid-19-stimulus-tracker-and-analysis/ …
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We strongly believe that
#OversightMatters - so we're glad to see increased funding for the IGs of these 15 federal agencies. We created a chart so you could see the numbers.https://www.taxpayer.net/budget-appropriations-tax/2020-bailout-inspectors-general-funding/ …Thanks. Twitter will use this to make your timeline better. UndoUndo -
Are you wondering which industry is lobbying for what kind of money in the CARES Act? We do the work so you don't have to. Take a look at our industry tracker. https://www.taxpayer.net/budget-appropriations-tax/draft-covid-19-stimulus-requests-tracker-by-industry/ …
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The latest Weekly Wastebasket reiterates - "Laws matter, procedures matter." Congress matters. How did we get to a point where people need to be reminded of that?https://www.taxpayer.net/budget-appropriations-tax/congress-matters/ …
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This week's Quote Of The Week comes from
@SenatorLankford - we could not agree more.pic.twitter.com/aK0zMklY8iThanks. Twitter will use this to make your timeline better. UndoUndo -
The Weekly Wastebasket is out! Take a look.https://www.taxpayer.net/budget-appropriations-tax/congress-matters/ …
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(And btw, there's plenty of issues more worthy of the White House's energy and attention than a
#BigOilBailout)Show this threadThanks. Twitter will use this to make your timeline better. UndoUndo -
As the approach to helping the O&G industry continues to shift, the bottom line is that fallout from half measures and poor policy are borne by federal taxpayers.
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First it was buying oil for the Strategic Petroleum Reserve, then leasing available space within the Reserve, then royalty relief, followed by paying the oil & gas industry to stop producing. Now the administration is suggesting loans in exchange for shares of private companies…
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With the
#oilandgas industry in turmoil amid the COVID-19 epidemic and low oil prices, the Trump Administration has rapidly changing ideas on how to help…Show this threadThanks. Twitter will use this to make your timeline better. UndoUndo -
Out of view of the big headlines, Big Ag continues to reach for cash. One player is the Commodity Credit Corporation, essentially a check processing entity. The other is the Sec. of Ag, whose authority to "assist" via the CCC is virtually unchecked.https://www.taxpayer.net/agriculture/big-ag-and-the-cares-act/ …
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Methane waste from oil & gas production in the Permian Basin is 2X as high as previously thought. Which means
@BLMNational rules that let operators waste federal gas are costing us $Millions more + creating huge liabilities for taxpayers.https://www.cbsnews.com/news/methane-permian-basin-oil-gas-climate-change/ …Thanks. Twitter will use this to make your timeline better. UndoUndo -
ICYMI: The never-ending drip, drip of the WHIP, WHIP+ Disaster Fund.https://www.taxpayer.net/agriculture/whipping-up-agricultural-disaster-spending-since-2017/ …
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The Quote of the Week comes from
@PattyMurray (The QOTW comes out every every week with the Weekly Wastebasket. Catch the latest here: https://www.taxpayer.net/budget-appropriations-tax/more-covid-19-funding-wont-be-the-last/ …)pic.twitter.com/uYIIrUWmgOThanks. Twitter will use this to make your timeline better. UndoUndo -
The Weekly Wastebasket is out on the fourth package, being colloquially referred to as V3.5 because it was more limited in scope as far as pots of cash go. Notice we don't say "limited in cash."https://www.taxpayer.net/budget-appropriations-tax/more-covid-19-funding-wont-be-the-last/ …
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Just because the current economic challenge is unprecedented doesn't mean we have to put all sense aside. Rushing to give away federal O&G assets at a time of market turmoil would hurt taxpayers AND
#OilMarkets and help no-one. No#royaltyfree drilling, no to dumb ideas. 4/4Show this threadThanks. Twitter will use this to make your timeline better. UndoUndo -
It WOULD be crazy, though, to try to help
#OilandGas cos. by collecting less for leasing federal land/pumping taxpayer-owned oil, b/c: 1) it'll 🢁 production amid a supply glut 2) opportunity cost- waiting to sell oil when industry wants it most, when prices are high = win/winShow this threadThanks. Twitter will use this to make your timeline better. UndoUndo -
After _DECADES_ of subsidies to the industry, we're allergic to calls for a
#BigOilBailout - BUT, it's not crazy to help *small* producers/oil services companies get the same access to#PPP/#SBALoans and aid that other small businesses have if they qualify. (2/4)Show this threadThanks. Twitter will use this to make your timeline better. UndoUndo -
Like many others, the oil/gas industry is in upheaval. **IF** it's necessary for the federal gov't to help, there's a right way and wrong way to go about it. I.e, aid can protect paychecks without sacrificing taxpayer-owned oil and gas assets and making the
#OilCrash worse. 1/4Show this threadThanks. Twitter will use this to make your timeline better. UndoUndo -
Earth Day Turns 50 today. A good time to remember that reducing waste while developing our natural resources is a win for both taxpayers and the environment. https://www.taxpayer.net/deep-dives/#deep-dives-energy-natural-resources …
#EarthDay2020#EarthDay50Thanks. Twitter will use this to make your timeline better. UndoUndo
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