Altoona Politicos Say 5% Severance Tax a Marcellus “Killer”

State Sen. John H. Eichelberger Jr., a Republican from Blair County (Altoona area) in Pennsylvania, had some tough words for incoming Democrat Gov. Tom Wolf: Forget about a 5% severance tax on the Marcellus industry. Eichelberger figures such a tax, while sounding “small” actually represents the snatch and grab of 50% of the profit companies now make in the state–and if you take away half of the profits they earn, most of them will stop drilling and leave. Hello! Anybody home at Democrat HQ? Anybody home at REPUBLICAN HQ? Are you listening?? Eichelberger is exactly right…

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