COLUMBUS (AP) — A liberal policy group is proposing a tax hike on oil and gas profits ahead of Gov. John Kasich’s State of the State speech Tuesday in an region where drilling has proliferated.
Innovation Ohio also seeks passage of a “Landowner Bill of Rights” and a “Hire Ohio” plan to assure residents get their fair share of proceeds and jobs from the coming shale boom.
An analysis the group released today found shale drilling could mean $86 billion to Ohio natural gas developers over the next 20 years.
The report identified Ohio oil resources worth another $130 billion to $550 billion, along with natural gas liquids of unknown value.
The tax increase would bring Ohio’s tax rate in line with Texas’, raising an additional $5.9 billion to $25.3 billion.
Comments
We need to implement a conservation tax on all natural gas and petroleum products. By taxing their usage heavily we can slow the destruction caused by the drilling. To bring green energy online by taxing fossil fuels heavily we can make it happen.
STOP, I trust you do not have any gas fueled equipment in your household, IE Auto, lawnmower snow blower and you best not be buying anything from store if you want to be green. YTown is full of idiots like you
STOP, you are so out of touch with reality it is scary. The economy is in the tank now, and you want to heavily tax some of the things we need the most just to live our daily lives. This green energy nonsense has to be put on hold. How much do you want to pay for our gasoline, our heat? What do you think STOP. How much should we pay for a gallon of gas? Green energy! STOP, you have to stop. You're embarrassing yourself with such stupidity.