PA Gov. Ed Rendell Justifies New Tax on Marcellus Shale Drilling

In a Times-Tribune editorial about Pennsylvania’s impending budget deficit, which is now projected to be $2.3 billion, Gov. Ed Rendell is quoted saying a proposed tax on drilling in the Marcellus Shale won’t be more “severe” than in other states:

The governor is ready to propose a first-time severance tax on natural gas produced at the wells being sunk across the Marcellus Shale formation.

“The industry is used to paying severance taxes,” he said. “Our tax will not be more severe than other places.”

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