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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President Obama’s 2016 Budget Proposal Derails Energy Progress

This week, President Obama released the administration’s budget proposal for Fiscal Year 2016. As in year’s past, the proposed budget takes aim at the critical tax-provisions that support America’s independent oil and natural gas producers, companies with an average of just 12 employees who drill 95 percent of the nation’s oil and natural gas wells. […]

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, 2014 11:29am • No Comments

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