This bill is a total joke. It's just another way for big oil companies to line their pockets while the rest of us suffer. It's ridiculous how they keep getting away with this kind of stuff.
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The bill titled "A bill to amend the Internal Revenue Code of 1986 to modify certain percentage depletion rules with respect to oil and gas wells" was introduced in the 119th Congress on May 20, 2026.
How will this impact me? ✨
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