According to CNN, “For coal companies, it could be a double whammy. It would preserve the Alternative Minimum Tax (AMT) and impose new limits on the interest payments that businesses can write off. Murray Energy estimates that these changes would raise its tax bill by $60 million per year”
“The House Bill eliminates the AMT, something that would save Murray Energy and other companies money. The AMT prevents companies from claiming so many tax credits and deductions that they owe Uncle Sam nothing at all,” CNN added.
Trump had promised to help revive the coal industry, and now is screwing them over.
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