CA Tax Loophole Benefits Oil and Gas Companies, Undermines Firefighting RevenueFossil fuel companies exploit a tax loophole costing California $146 million annually, weakening wildfire preparedness funding.
The IRS Wants to End Another Major Tax Loophole for the WealthyEnd of tax loophole for wealthy taxpayers potentially raising $50 billion in revenue, halting partnership basis shifting to prevent tax avoidance.