To: thackney
Three days after the newly elected Senate majority leader opened the door to negotiations on a natural gas drilling tax...
So is it really a "drilling tax"? Like...assessed on a per foot basis, perhaps? Or is it really just a common, everyday severance tax on production at the wellhead, which many states already have?
And is the author of the article really a drooling simpleton for referring to a severance tax as a "natural gas drilling tax?"
7 posted on
12/17/2014 8:01:17 AM PST by
Milton Miteybad
(I am Jim Thompson. {Really.})
To: Milton Miteybad
Reading past the headline:
The prospect of a severance tax on gas production in the lucrative Marcellus Shale - an issue dormant since Gov. Ed Rendell left office in 2011 - reemerged this year when gubernatorial candidate Tom Wolf campaigned on a platform to use the tax to pump as much as $1 billion into public schools.
9 posted on
12/17/2014 8:14:02 AM PST by
thackney
(life is fragile, handle with prayer.)
To: Milton Miteybad
Reading past the headline intro: Sorry.
Deeper in the article, past the excerpt I was allowed:
With an anticipated $2.2 billion deficit looming next year, Senate Majority Leader Jake Corman (R., Centre) on Saturday said he was willing to discuss a severance tax if Wolf would negotiate on cutting costs in the state pension system.
12 posted on
12/17/2014 8:16:47 AM PST by
thackney
(life is fragile, handle with prayer.)
To: Milton Miteybad
..which many states already have? Yes, its an extraction tax, which many states already have.
But what most states don't have is the existing burdensome taxes PA has;corp tax, income tax, sales tax, usage fees out the @ss, at some of the highest rates in the country.
PA is ranked 46th in business climate, w/ this tax we can make it all the way to 50th.
14 posted on
12/17/2014 8:21:19 AM PST by
Pietro
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