NY Comptroller DiNapoli Editorial Defends Drilling Tax

Last week, New York State Comptroller Thomas P. DiNapoli made a pitch for taxing the gas drilling industry in New York to create a pool of money that can be used to clean up accidents that may occur. As MDN pointed out (see MDN story here), any pool of money that sits in Albany doesn’t last long and will certainly be reallocated for other unintended uses. In addition, wouldn’t you make the company who caused the accident pay to clean it up? Why extort extract money ahead of time from all drillers, even from those who will never experience an accident, for an accident fund? Why? Because politicians love money, that’s why.

Apparently DiNapoli is feeling push-back against his brilliant proposal, and has found it necessary to write an editorial, sent to multiple news outlets across the state, to defend the indefensible: yet another new tax. Here is DiNapoli’s editorial, in full:

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