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AP FACT CHECK: Trump overstates energy impact on budget

Among other challenges, oil prices have fallen by half in the past two years, from about $100 a barrel to roughly $50, forcing many energy companies to cut back sharply on drilling and lay off thousands of workers. Trump is also proposing a steep cut in the corporate income tax rate, from 35 percent to 15 percent, which would lower tax revenue from energy company profits.
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