Ex-energy secretary’s oil-services firm paid zero federal taxes last year
TL;DR
Liberty Energy, founded by Energy Secretary Chris Wright, paid no federal corporate income taxes last year despite $193 million in pre-tax income and receiving over $10 million in tax benefits; Wright left Liberty in 2025 to join the administration, and the White House says he complied with the law, while critics point to depreciation tax breaks that let profitable firms avoid taxes and note the issue among 88 companies highlighted by ITEP.
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