WV Newspaper Says State Should Avoid NGL Severance Tax Hike

hopeJust last week MDN told you about the bone-headed proposal from a partisan group in West Virginia calling for a doubling or tripling of the severance tax on natural gas liquids–unless those NGLs stay in the state (see Partisan Group Wants to Double or Triple WV’s NGL Severance Tax). There’s at least one group of editors at a mainstream newspaper in the state who disagree. The editors at The Intelligencer/Wheeling News-Register point out the danger that such a tax will reduce drilling in the Mountain State, and rather than contribute more tax revenue to WV’s coffers, it will end up contributing less. Finally! Somebody who writes news who can grasp economics 101! Perhaps there is hope after all…

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