What is Energy Tax Facts?

With oil and natural gas production increasing in the United States we finally have a chance to eliminate our dependency on sources of energy from unstable regions of the world. However, if Congress and the Administration remove critical energy tax provisions, which stimulate investment in safe domestic energy production, they could wipe out 25 percent of future investment, and thus reduce our ability to produce more energy here at home.
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Broad Resources Industry Coalition Urges Preservation of Percentage Depletion Tax Deduction; Repeal Would Put Jobs at Risk

Washington, D.C. – The tax reform discussion draft released recently by House Ways and Means Committee Chairman Dave Camp (R-MI) would repeal the percentage depletion deduction. A broad group of resources industries trade associations, listed below, urges Congress to reject this unwarranted proposal that would significantly harm the competitiveness of American resources producers. U.S. mineral, [...]

Energy Tax Facts

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President Obama's 2015 budget wants to limit jobs, energy security and tax revenue. Read more: http://ow.ly/urm9P

Mar 10th 3:02pm • No Comments