… 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 lands in harm's way and costing the American taxpayer roughly $13.1 billion in lost revenue royalty revenue over the last decade. I oppose Representative Boebert's legislation and support the BLM oil and Gas rule and encourage my colleagues to do the same. Thank you. (04:41–05:10)
CLAIM
Asserts that HR 6009 would cost taxpayers $13.1 billion in lost royalty revenue over the last decade.
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