This is a direct quote from a 2017 GAO study. Given these well documented examples, it is fair to expect that BLM's modest increase to the federal royalty rate to just 16.67% through 2032 will be a boon to taxpayers without being a bane on production. Rather than restoring American energy dominance as the names suggest, HR 6009 would instead maintain a status quo that has long failed taxpayers across this country, needlessly putting Nevada's public … (04:20–04:36)
CLAIM
Asserts that increasing the federal royalty rate to 16.67% will benefit taxpayers without harming production.
This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.
