Murray Energy comes out against Senate tax deal - WSIL-TV 3 Southern Illinois

Murray Energy comes out against Senate tax deal

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WSIL -- One of the area's biggest coal companies opposes the Senate tax plan, calling it a "mockery of tax reform."

Murray Energy released a statement, angry with the Senate for failing to repeal the corporate Alternative Minimum Tax.

The statement from CEO Robert Murray said for companies like Murray Energy, this legislation is "much worse than the status quo."

He said Murray Energy will see a significant tax increase due to the loss of the business interest expense deduction, which he believes will ultimately hurt coal miners.

Murray said the tax plan will cause more coal companies to file for bankruptcy and blasted the Senate for causing "more job-killing Federal taxation."

Murray Energy runs several mines in southern Illinois and western Kentucky.

You can read the full statement here.

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