The chairs of the House Ways and Means and Senate Finance committees have made tax reform a top priority. Both are making a concerted effort to develop a consensus within their committees. In addition, the special budget committee co-chaired by Sen. Patty Murray (D-Wash.) and Rep. paul Ryan (R-Wis.) has made tax reform a major […]
As National budget discussions escalate, we can expect to receive more insight into Congress’s framework for business tax reform. An important aspect of this framework is a focus on eliminating tax breaks for specific industries. The American oil and natural gas industry commonly becomes a target in these discussions. However, rarely is any focus given to […]
Matt Kellogg, IPAA’s Manager of Government Relations A new poll by Harris Interactive, conducted as a part of the American Petroleum Institute’s (API) “What America is Thinking on Energy Issues” series, finds a majority of American voters oppose changes to the tax code that would hinder energy production in the United States. According to the […]
American Petroleum Institute lobbyists plan to remind members of the 113th Congress considering possible federal budget reforms in 2013’s final weeks that their constituents don’t support new energy taxes, said Stephen Comstock, API tax and accounting policy director. They specifically plan to cite findings of a recent Harris Interactive telephone survey API commissioned of 1,001 […]
Most registered voters believe raising taxes on oil companies would hike costs for consumers and oppose boosting energy taxes now, according to a poll unveiled Tuesday. Oil industry leaders and lobbyists say the new polling data, from a Harris Interactive survey commissioned by the American Petroleum Institute, helps them make the case that lawmakers should […]
This week the Energy Equipment and Infrastructure Alliance (EEIA) sent a letter to leaders of the House Ways & Means and Senate Finance Committees urging members to reject any proposal to eliminate the expensing of intangible drilling costs (IDCs) as part of any comprehensive tax reform. Significantly, the EEIA does not represent oil and gas […]
A budget stalemate may have slowed government activity, but the oil and gas industry still should carefully watch several initiatives that could dramatically impact activity. Opening the annual Executive Oil Conference at the Horseshoe Tuesday, Ryan Ullman, director of government relations and political affairs at the Independent Petroleum Association of America, listed three areas for […]
As record U.S. energy production continues to make headlines across the globe, a new report from IHS CERA finds the economic impact of shale development alone is reaching far beyond the well pad – again highlighting why the intangible drilling cost (IDC) deduction is pivotal to the American economy. According to the report, development of […]
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