TCS Urges House Committee to Oppose Soda Ash Giveaway | Taxpayers for Common Sense

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TCS Urges House Committee to Oppose Soda Ash Giveaway

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June 27, 2017

On Tuesday, TCS sent the following letter to the House Natural Resources Committee, urging Members to avoid repeating past mistakes and to oppose a royalty reduction for Soda Ash.


June 27, 2017

Save Taxpayers Millions; Oppose H.R.1399

 

Dear Natural Resources Committee Member,

On behalf of the nation’s taxpayers, Taxpayers for Common Sense urges you to oppose H.R.1399 - the American Soda Ash Competitiveness Act. In these tight budget times, it is imperative that taxpayers receive a fair return for the development of public resources. The bill, which would reduce the royalty rate for soda ash produced on federal lands, seeks to re-implement a failed policy from over a decade ago and would cost taxpayers millions.

When Congress passed the Soda Ash Royalty Reduction Act (SARRA) of 2006 (P.L. 109-38), proponents claimed it would increase soda ash production, boost exports, and create jobs. According to both the Bureau of Land Management and U.S. Geological Survey, it failed by all three measures while the law was in effect from 2007-2011. Royalty revenue, meanwhile, was reduced by more than $150 million – five times what the Congressional Budget Office had predicted.  In addition, states received roughly $110 million less than they would have without the SARRA.

Taxpayers for Common Sense urges you to vote NO on H.R.1399. It’s time we moved on from the costly mistakes of the SARRA. Soda ash prices and production have only increased since 2011, without royalty relief. It’s time taxpayers receive a fair return for minerals extracted on federal lands.

For additional information, please contact Autumn Hanna at Autumn[at]taxpayer.net, or call at (202) 546-8500.

Sincerely,

Ryan Alexander

President





Filed under: Cut Subsidies, Eliminate Corporate Welfare, Ensure Fair Returns

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