Ohio Business Roundtable Sells Out – Endorses High Severance Tax

With Friends Like TheseUnbelievably, the Ohio Business Roundtable, comprised of CEOs of big businesses in Ohio, has endorsed a high severance tax on Utica Shale drilling. The OBR is using (abusing) an Ernst & Young “analysis” to say, in essence, go ahead and screw drillers and landowners–the drillers will stick around because they get screwed worse elsewhere. We’re somewhat befuddled at how the OBR can say it’s OK to steal the wealth from a specific industry and transfer to others who didn’t earn it. But we’re simple folks in our reasoning power. All’s we can say is that, with friends like these…

Below is the statement from the OBR and a copy of the “analysis” done by E&Y that blesses a high severance tax and makes it OK for Ohio’s RINOs to force it through.

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