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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Washington Times (Op-Ed): Unfair efforts to punish the oil industry with taxes

The small and independent energy companies that have driven welcome developments such as the shale-gas boom in North Dakota, Pennsylvania, Ohio, Arkansas and elsewhere could be hit hard, too. Various proposals to alter percentage depletion and intangible drilling cost write-offs, tax-law sections that have equivalents in many other industries, are of special concern to them.

The energy industry is a rare bright spot in our economy – creating new #jobs and millions in #tax revenue. ow.ly/wap7P #natgas

Energy Tax Facts

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"The energy industry is a rare bright spot in our economy – creating new jobs and opportunities for the American workforce while providing millions of dollars in state and federal tax revenue across the nation." - IPAA's Barry Russell

Read more: http://ow.ly/waoyk

Apr 25th 11:29am • No Comments