Senate Finance Committee Chairman Max Baucus (D-Mont.) unveiled plans to pare back oil industry tax breaks Thursday as part of a wider proposed overhaul of the corporate tax code. The plan does not attack as many industry tax breaks as some liberal Democrats and the White House have proposed. But it nonetheless drew a quick criticism from the oil […]
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 […]
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 […]
As national budget discussions escalate, we can expect to be given more insight into Congress’ framework for business tax reform. The American oil and natural gas industry commonly becomes a target in these discussions. However, rarely is any focus given to the positive benefits of existing tax laws. Three specific areas[…]
With Barack Obama in the White House, energy commentators never lack for subjects. Because Oil & Gas Journal editorials about Obama’s energy policies have been frequent and usually negative, the question sometimes arises whether the OGJ editor dislikes the president. To set the record straight: Without knowing the man[…]
The current conflict in the Middle East only underscores the need for increased domestic energy production. Unrest in oil producing regions around the world will always cause fluctuations in the price of oil. Markets will always react to uncertainty, whatever the source At its core, U.S. energy independence is[…]
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