Murray Says Senate Tax Bill Will Cost Him $60 Million

The video discusses the impact of US Senate legislation on businesses, highlighting a significant tax increase due to the alternative minimum tax and removal of interest expense deductions. It examines coal production trends, noting a recovery in production but not in jobs, partly due to automation. The video debunks myths about automation's role in the coal industry, stating that technological advancements from the 1970s and 1980s are outdated. It concludes with an analysis of President Trump's tax reform and its modest impact on coal job recovery.

What is the annual financial impact of the US Senate's legislation on Murray Energy Corporation?

• $30 million

• $60 million

• $90 million

• $120 million

Which tax-related change is criticized in the US Senate's legislation?

• Retention of the alternative minimum tax

• Removal of labor cost deductions

• Increase in property taxes

• Introduction of a new sales tax

What is the main reason for the decline in coal jobs according to the second section?

• Increased demand for renewable energy

• Outdated technology in coal production

• Government regulations

• Automation in the coal industry

How many jobs did President Trump reportedly bring back in the coal industry?

• 5,000 jobs

• 10,000 jobs

• 15,000 jobs

• 20,000 jobs

What was one of the actions taken by President Trump to save coal jobs?

• Subsidizing coal companies

• Implementing new mining technologies

• Eliminating the Clean Power Plan

• Increasing coal export tariffs