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Report urges higher tax on oil and gas
TweetPublished: Mon, December 19, 2011 @ 1:00 p.m.
Report urges higher tax on oil and gas
COLUMBUS
Ohio could generate $538 million in revenues by 2015 if it imposed a higher tax on oil and gas rates, according to a new report from Policy Matters Ohio.
Wendy Patton, author of the new report and senior project director at Policy Matters, said that by aligning severance taxes with that of nearby states, Ohio could benefit financially from new drilling operations.
“Ohio’s severance tax is one of the lowest among states with potential to produce oil and gas from shale,” she said. “Part of preparation for the coming boom should include raising the severance tax rate to a level consistent with other energy states.”
Read the complete story in Tuesday’s Vindicator and at Vindy.com.
Comments
I think it is GOV.KKK that is pushing it .
Freeatlast It's the damn libs who want to put this country back to a third rate nation. Along with the A-Hole in the white house who wants to put taxes on all energy programs such coal mining, oil and nature gas, so that we can pay higher prices for all our energy needs,
This is what you get from an organized criminal Government. They are nothing short of a bunch of stinkin thieves that strongarm every American and bleed them for every last cent without any opposition.