Trump backs off proposal to cut royalty payments to Texas, other states for Gulf oil
https://www.chron.com/business/energy/article/Trump-backs-off-proposal-to-cut-royalty-payments-12607228.phpFebruary 12, 2018
President Donald Trump has backed off his proposal to stop sharing oil revenues from offshore drilling with states along the Gulf of Mexico.
In the budget proposal released Monday, the White House preserved the revenue sharing agreement, which was expected to deliver $275 million to Texas, Louisiana, Alabama and Mississippi this year.
"I'm glad the administration heard us loud and clear and decided to support offshore revenue sharing. After years of our concerns falling on deaf ears, it's refreshing to have an administration that actually listens," said Sen. Bill Cassidy, R-Louis....
