- Energy Tax Facts
- 22 Sep 14
Tyler Morning Telegraph: Alex Mills of the Texas Alliance of Energy Producers Discussed Energy Tax Reform
The federal tax code is voluminous and complicated. Just about everyone who has filed a federal income tax return knows how complicated it can be.
However, attempts to simplify and shorten the tax code have failed time and time again, because the tax laws and regulations have been used over and over again to encourage or discourage economic activity.
For example, the tax laws allow for the deduction of interest payments after purchasing a home. This deduction is designed to create economic activity in the housing markets. It has worked.