A new tax season is nearly upon us, and after a year of record inflation and astronomical energy costs, American consumers and businesses in the energy sector need a break. Congress can provide that relief by addressing issues within the tax code which — if left untouched — will soon harm American energy security and stall innovation. The year 2023 is shaping up to be a challenging economic year. After record inflation hit families hard in 2022, market analysts are predicting that America will experience a slowdown in economic growth. Meanwhile, consumers and businesses alike can expect energy prices to surge in the near term as demand increases in the winter months and refinery capacity
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