This year is proving especially critical for the U.S. oil and gas industry with the budget reconciliation bill moving through the House, which could be harmful to oil and gas companies and the economy more broadly.

U.S. Rep. Kevin Brady (R-Texas, 8th) recently joined Jack Belcher on Energy Policy Watch for a discussion on the budget reconciliation bill, including a repeal of oil and gas tax incentives plus unprecedented tax hikes.

The White House is proposing $145 billion of tax hikes, which according to Brady, land on everyone within the industry, from the smallest producers to all the way up the chain.