According to CNN, Robert Murray, the founder and CEO of Murray Energy, said Tuesday that late changes to the Senate tax reform bill will “wipe out” coal mining jobs. The tax hike on coal mining firms will cancel out any progress President Trump has made on reviving the dying coal industry.
Murray told CNNMoney, “We won’t have enough cash flow to exist. This wipes out everything that President Trump has done for coal.”
CNN reported, “The tax bill the Senate passed last week would help companies by lowering the corporate tax rate, but it also eliminates some tax breaks.”