May 19, 2025 (ForeignAffairs.co.nz) –
Source:
“The
This legislation generates revenue and implements savings across federal agencies, reducing federal deficit by an estimated
- Reinstating key mineral leases in
Northern Minnesota and revoking Biden’s harmful mineral withdrawal in theSuperior National Forest , generating$80 million in revenue for the federal government. - Reinstating quarterly onshore oil and gas lease sales, generating
$12 billion in revenue. - Mandating at least 30 lease sales in the Gulf of America over the next 15 years and six in the Cook Inlet off the coast of
Alaska , generating billions of dollars in new revenue. - Returning to reasonable oil and natural gas royalty rates.
- Requiring geothermal lease sales, generating
$23 million in new revenue. - Resuming leasing for energy production in the
National Petroleum Reserve inAlaska and theArctic National Wildlife Refuge , generating over$1 billion in new revenue and savings. - Resuming coal leasing on federal lands.
- Increasing timber sales on federal lands and requiring long-term timber contracts.
- Rescinding various wasteful slush funds established under the Biden administration in agencies such as the
National Oceanic and Atmospheric Administration , theU.S. Forest Service , theNational Park Service , and theBureau of Land Management . - Investing in water infrastructure in the West.
- Providing funding to celebrate America’s 250th anniversary, including by establishing the National Garden of American Heroes.
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