The energy industry is adding to the U.S. economic recovery with the International Energy Agency predicting that we will be the largest producer of crude oil by 2020. The unemployment rate in North Dakota is 3.1 percent and 3.9 percent in South Dakota due to the expanding oil industry. Yet the Obama administration continues to […]
This year the Senate Finance Committee’s work on a potential overhaul of the U.S. tax code has included outreach to members of the Senate in order to identify those tax provisions that should be retained because they help “grow the economy, make the tax code fairer, or effectively promote other important policy objectives.” On Friday, […]
As a senator, candidate and now president, Barack Obama has regularly assailed oil companies. His mantra for action has been hit them with higher taxes and punish them with regulations. You know the words to his song: “We have subsidized oil companies for a century. That’s long enough.” “Tax giveaways aren’t right . . . and we […]
Over the last 12 months, the state has collected $11.3 billion in tax revenue — an all-time high, State Treasurer Ken Miller said Monday. The record tax receipt — $12.6 million higher than the previous record set in December 2008 — is an indication that Oklahoma has recovered from the Great Recession, Miller said. One […]
Texas is the largest oil and gas employer in the nation, and the city of Houston continues to be one of the most important energy centers in the world. There are almost 400,000 oil and gas workers in Texas, and last year alone that number increased by nearly 35,000. Houston is booming, and the economic […]
The …upcoming debate over energy taxes and energy policy tells us a great deal about Houston’s economic future. Texas is the largest oil and gas employer in the nation, and the city of Houston continues to be one of the most important energy centers in the world. There are almost 400,000 oil and gas workers […]
Increasing oil and gas taxes is a favorite standby of Washington politicians, just one more policy they use as a political tool and fail to recognize the real-life impact on their constituents. Any increases in costs are passed onto consumers, so the politically correct idea of increasing taxes on rich oil companies had the effect […]
From 2008 to 2010, the United States was in a recession, the effects of which are still being felt. While Oklahoma’s state budget was squeezed, we weren’t forced into the drastic measures of some states — raising taxes, laying off workers and being forced to borrow money from the federal government. Oklahoma took a hit, […]
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