PA Shale Industry Demonized for “Lack” of Severance Tax

The Democrats in Pennsylvania are bound and determined to impose a nosebleed severance tax on shale drilling in the state. Their latest effort comes from the partisan so-called Independent Fiscal Office, a branch of the state legislature, that just released an apples to oranges comparison of PA with other states claiming PA doesn’t pay as much in taxes as those other states. Of course what the very flawed analysis by the IFO doesn’t show are all of the other taxes and fees in PA not levied in those other states that more than make up for the “lack” of a severance tax.

PA Dems seem to have the philosophy that 100% of the money earned by other people (drillers in this case) belongs to the state (i.e. them) for redistribution purposes, and how dare the industry oppose them from extracting 5%, or preferably 10%, right off the top (see PA State Treasurer Rob McCord Unveils Gas Death Plan). Here’s the latest salvo in the PA Dem war to regain the governor’s chair this November by demonizing the shale industry as not paying their “fair share”…

Please Login to view this content. (Not a member? Join Today!)
You do not have permission to view the comments.
Password Reset
Please enter your e-mail address. You will receive a new password via e-mail.