Tag: Barry Russell

  • Energy Tax Facts
  • 13 Dec 13

Industry Responds to Chairman Baucus’ Tax Proposal

On December 13th, the Independent Petroleum Association of America (IPAA), American Petroleum Institute (API), America’s Natural Gas Alliance (ANGA), and other industry leaders sent a letter to Chairman Baucus regarding his recent tax reform proposal and its impact on a major recent success stories in the American economy – the oil and natural gas industry. […]

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  • Energy Tax Facts
  • 13 Dec 13

Oil and Gas Financial Journal (Column): IPAA Discusses Why Repealing IDCs Would Be Counterproductive

For years, decades really, some political factions in Washington have urged Congress to change the tax code by eliminating what they consider certain unnecessary deductions given to the oil and gas industry. One of these proposed changes is abolition of the Intangible Drilling Costs deduction. Senator Max Baucus of Montana, chairman of the Senate Finance […]

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