Replies

Tax Increase	FY 2015	FY 2015-2024	Industry Impact
Increase Amortization Period for G&G	$100 million	$3.1 billion	$3.1 billion
Double-taxing Dual-Capacity taxpayers	$550 million	$10.4 billion	$10.4 billion
Repeal Percentage Depletion: Oil and Natural Gas Hard Minerals	$1 billion $167 million	$13 billion $2 billion	$13 billion $2 billion
Repeal Intangible Drilling & Expensing of Exploration Cost for Coal Oil and Natural Gas Hard Mineral	$2.3 billion $39 million	$14.4 billion $680 million	$14.4 billion $680 million
Section 199 Oil and Natural Gas Hard Mineral	$1 billion $36 million	$14.2 billion $726 million	$14.2 billion $726 million
Repeal Tertiary Injectants	$10 million	$100 million	$ 100 million
Reinstate Superfund barrel of oil excise tax	$1.6 billion	$23.2 billion	$ 11.6 billion
Retroactively repeal LIFO accounting	$4 billion	$82 billion	$29 billion
Repeal Passive Loss	$7 million	$74 million	$74 million
Ratchet up Oil Spill Liability Trust Fund tax	$60 million	$1 billion	$1 billion

That’s an energy tax increase of nearly $100 billion by 2024!