U.S. Congressman Kevin Brady says time is limited to speak up against recent proposals made by the Biden administration. In an early morning roundtable with business leaders in north Houston, Brady spoke of potential effects if proposed tax increases suggested by Pres. Joe Biden pass. In May, the White House released Biden’s FY 2022 budget, […]
By Toby RIce, president and chief executive officer of EQT Corp., the largest natural gas producer in the United States Natural gas is not “big oil.” Unlike foreign and integrated oil and natural gas companies, independent companies like EQT depend on sound energy policies that support our ambitions to leverage technology and innovation to meet […]
President Joe Biden and Congressional Democrats have proposed repealing various tax provisions they describe as “oil and gas subsidies.” Many of these provisions, such as the deduction of intangible drilling costs (IDCs), are not subsidies but are important tax provisions that promote investment, job creation, and growth. Repealing this provision and raising taxes on oil […]
By Sam Bradley, co-founder of Small Operator Society, a coalition of more than 65 small oil and gas companies that currently operate more than 15,000 active wells across Colorado. As Colorado and America emerge from the worst of the COVID-19 pandemic, it is imperative that communities and businesses are given every chance to roar back […]
Download the Letter Dear Chairman Wyden and Ranking Member Crapo, The undersigned trade associations represent all segments of the oil and natural gas sector ranging from family-owned businesses to the largest multi-national enterprises operating around the world. We write to voice our uniform opposition to proposed changes to the Internal Revenue Code (“the Code”) in […]
President Biden issued his first full budget proposal today, a 1,700-page plan detailing a dramatically increase the size and scope of the federal government with more than $6 trillion in spending over the coming fiscal year. Vast new spending would be paired with significant tax increases on corporations and the wealthy. The budget includes the same changes to oil and natural gas industry tax provisions […]
The White House and Democrats in Congress are looking at a number of ways to increase taxes and federal revenues from the oil and gas industry as part of their climate and clean energy agenda. They’re looking at higher royalty rates on federal lands and eliminating deductions like intangible drilling costs and percentage depletion. S&P […]
Today Rep. Jodey Arrington (R-TX), Whip Steve Scalise and more than 50 other lawmakers wrote to Speaker Pelosi on tax treatment of the oil and natural gas industry.“It’s one thing for policies to accelerate investment activity or production of certain products, but it is an entirely different matter to write laws that would punish a particular industry, especially one that is so fundamental to our economic growth and national […]
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