Clinton believes the 12.5% federal royalty rate is lagging behind
Hilary Clinton promised yesterday that she will raise the royalty rate the government charges companies that extract oil, gas and coal from onshore federal lands from 12.5% if she is elected president.

Clinton’s campaign said she would ensure taxpayers are “getting a fair deal” by raising royalty rates, which are below the 16.7% and 18.8% royalty rates used by most western states, reports Argus. The campaign also said Clinton would close “loopholes” and make sure future leas...

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