JOURNAL ARTICLE

GOP Plans Billions in Oil, Gas Sales to Help Pay for Trump's Tax Bill.

  • Published In: Bloomberg.com, 2025. P. N.PAG 1 of 3

  • Database: Business Source Ultimate 2 of 3

  • Authored By: Natter, Ari 3 of 3

Abstract

House Republicans are planning to generate over $15 billion in revenue by increasing oil, gas, and coal lease sales to help fund President Donald Trump's tax cut package. The proposed legislation includes mandating sales in Alaska's Arctic National Wildlife Refuge and the National Petroleum Reserve-Alaska, as well as resuming onshore and offshore lease sales. Additionally, the plan involves selling coal leases and requiring timber sales while cutting funds for agencies like the National Oceanic and Atmospheric Administration and National Park Service. The legislation also aims to streamline the federal permitting process for major projects, with a goal of completing environmental reviews within one year. [Extracted from the article]

Additional Information

  • Source:Bloomberg.com. 2025/05, pN.PAG
  • Document Type:Article
  • Subject Area:Environmental Sciences
  • Publication Date:2025
  • Accession Number:184875230
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