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@ipso facto re 11:55 new US mining royalty plan as anti-green, pro-China

Posted by Mr.Copper @ 12:59 on October 6, 2021  

I think the title is wrong. Taxing us and encourage mining to go to China and away from USA is pro-green here, and anti greed in China. Maybe I don’t understand it right? But typical Democrats seem to always love foreign countries and foreign people. Its like the democrats and 3/4 of the republicans are a net anti American global gov’t.

Story condensed:

“The president and House Democrats want to make it more difficult to get to these minerals we need. And they seek to eliminate all mining on federal lands,” said Ranking Republican Member John Barrasso (Wyoming) in Tuesday’s hearing.

that would set an 8% gross royalty on existing mines and 4% on new ones. There would also be a 7 cent fee for every tonne of rock moved. The 1872 law did not set royalties in order to encourage development of more than 350 million acres in the western United States. Miners

“This is clearly an example where the legislation will help China and hurt the United States and make us more dependent on China and potentially other adversaries for critical minerals that we need, including for our national defense,”

 

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Post by the Golden Rule. Oasis not responsible for content/accuracy of posts. DYODD.