Currently, there is a massive debate over whether carbon capture should be used to help the climate or to help drill for more oil. If this bill becomes law, it would represent a major shift in U.S. policy by deciding that 'green' tax credits should not be used to increase oil production. It could lead to some oil wells being shut down earlier than planned because they would no longer be profitable without the government's help.

For the average person, this bill is a choice between lower government spending on oil subsidies and the potential for higher energy prices if domestic oil production slows down. It also addresses the core issue of how the tax code is used to either support or discourage the fossil fuel industry in the face of climate change.