Ohio Republicans Pushing Back Against Kasich Severance Tax Proposal

From The Daily Record:
Ohio's state treasurer is again bucking fellow Republican Gov. John Kasich on a major policy issue in the state budget.
At a meeting Thursday of the 3,200-member Ohio Oil and Gas Association, Ohio Treasurer Josh Mandel said he opposes the governor's plan to raise the tax that oil and gas companies pay on resources drawn from the earth. Mandel said the tax increase could discourage Ohio oil and gas investment at a critical time and he supports plowing the money back into the burgeoning industry.
"Now is not the time for government to kill the golden goose and scare away the capital that could lead to a long-term recovery in our state," Mandel said, labeling the tax plan wealth redistribution.
Read the whole article here.

Connect with us on Facebook and Twitter!

Popular posts from this blog

Fracktivist in Dimock Releases Carefully Edited Video, Refuses to Release the Rest

The Second Largest Oil and Gas Merger - Cabot and Cimarex

Josh Fox Takes Another Approach to Attacking Oil & Gas Industry: They Don't Care About Worker Safety