The groups write, “Absent congressional action, at the end of 2025 American families and employers will be hit with the largest tax increase in American history…”
French philosopher Voltaire once famously described the Holy Roman Empire as neither holy, nor Roman, nor an empire. The latest presidential budget includes a section calling for the elimination of a handful of supposed subsidies, such as expensing for intangible drilling costs (IDCs), which the budget characterizes as “wasteful spending… on Big Oil.” Much like the Holy […]
“The Biden Administration has abandoned hard-working families because they once again chose radical anti-energy special interests over lower energy costs and national security for American households. Since taking office, President Biden’s anti-American energy agenda has been on full display as he has killed the Keystone pipeline and halted domestic oil and gas exploration while begging […]
By House Ways & Means Committee Republicans Unable to defend the merits of their $3.5 trillion tax hikes and spending spree (especially given that a whopping 80 percent of Americans oppose tax hikes right now), Democrats are resorting to repeating the misleading and debunked claims about the historic 2017 tax cuts. Here are a few. False Dem Claim: “[TCJA] contributed a great deal to […]
The American Petroleum Institute (API) and 130 energy, manufacturing, business and labor trade organizations across the natural gas and oil supply chain sent a letter to the U.S. Senate Committee on Environment and Public Works opposing legislation that would place a fee on methane. The organizations, led by API, explain that the proposal is a “pay-for” that […]
On behalf of the companies and associations that make up the natural gas supply chain and the 180 million Americans and the 5.5 million businesses that rely on natural gas, we would like to express our concerns about including a methane emissions fee or tax in budget reconciliation legislation. Through numerous programs and initiatives, our […]
The letter focuses on the negative impact of a fee on methane emissions from oil and natural gas facilities, a plan based on Democratic legislation known as the Methane Emissions Reduction Act of 2021. This proposal would assess an escalating $1,800 per-ton fee on businesses based on their share of activity in a particular geologic […]
We are writing on behalf of our respective organizations to urge your opposition to any fee on methane emissions that may be considered as part of the budget reconciliation package. Such a fee is simply an unreasonable, punitive tax intended to harm the oil and natural gas industry and consumers, as well as diminish the […]
1201 15th street NW, Suite 450
Washington DC 20005
P: (202) 857-4722
F: (202) 857-4799
Copyright 2024 by
the Independent Petroleum Association of America
