Letters
| September 8, 2021

Letter to Ways and Means Committee on percentage depletion tax deduction

As  the  Ways  and  Means  Committee  considers  possible  tax  changes  in  connection  with budget  reconciliation  legislation,  the  undersigned  organizations  urge  you  to  retain  the present-law  percentage  depletion  tax  deduction.    The  percentage  depletion  deduction contributes  significantly  to  the  role  U.S.  mineral,  coal,  natural  stone,  aggregates,  and independent  oil  and  gas  producers  play  in  fostering  continued  American  economic prosperity.  Maintaining  a  strong  natural  resources  production  sector  and  limiting  our dependence  on  foreign  production  is  critical  to  the  growth  of  the  U.S.  economy.   

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