USA: representatives pass soda ash royalty cut

The US House of Representatives approved a bill that would cut by half federal royalties on potash and soda ash under suspension of the rules on 16 May 2005.
H.R. 485, from Representative Steve Pearc…

The US House of Representatives approved a bill that would cut by half federal royalties on potash and soda ash under suspension of the rules on 16 May 2005. H.R. 485, from Representative Steve Pearce (Republican, New Mexico), would reduce federal royalties on potash and soda ash from 2% to 1% for five years. Those backing the move say it is needed to help an industry that is struggling to compete in the face of higher natural gas prices, lower demand and strong competition from Canada, whose government gives support to the industry. The Senate passed a royalty reduction bill at the end of the 108th Congress, and a similar bill is under way in the 109th.