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Lankford is dropping his bill that would allow big corporations subject to the tax to consider intangible drilling costs in their adjusted financial statement income.

James Lankford on the 2025 tax fight

The 2025 tax fight is about to break loose. GOP Sen. James Lankford is thinking about priorities like energy tax policy – a big one for his home state of Oklahoma – and deductions for charitable giving.

We talked about all this and more when we chatted with him by phone for the latest in our series of Q&As on the tax debate next year when most of the Trump tax cuts expire.

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