PA Severance Tax Still Possible, but Not Likely – The Latest

This is likely the “make or break” week that will tell us whether or not a Marcellus-killing severance tax will pass the Pennsylvania legislature. The PA budget is now close to 100 days late–at least the final bits of the budget. Republicans run both the PA Senate and House. They did the ultimate stupid thing by passing a spending plan of $32 billion with only about $30 billion available to pay for it. So over the past three months there has been intense pressure by Gov. Wolf (Democrat) and Philadelphia (even northeastern) RINOs (Republicans in Name Only) to pass a severance tax–on top of the existing impact fee. Wolf needs the severance tax because he promised the money to Philadelphia teacher’s unions–as payback for electing him. If he doesn’t get the tax, he stands of good chance of not being reelected. It’s always about politics. Lawmakers are back in Harrisburg today, in session, and the mainstream media “mood” indicates a deal will get done this week. Will a severance tax be part of it? We hope not! It is possible, but seems (to us) unlikely that the severance tax will get passed…

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