Industry Says Severance Tax is "the Wrong Idea at This Time"
This time last year, Ohio's oil and gas industry was railing against Gov. John Kasich's proposed severance tax on drilling. They were upset, but commodity prices were high. Prices matched the general feeling of the industry.
A year later, though, the industry and its Statehouse supporters who have fought tooth-and-nail against Kasich's proposals are still lobbing grenades at the governor's proposal. Now, though, they're using the downturn to hype up criticism.
"Raising the severance tax is absolutely the wrong idea at this time," Ohio Rep. Andy Thompson, R-Marietta, told a group at the Ohio Oil and Gas Association's winter meeting Thursday.Read more here.
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