Taxation

Once again the Philadelphia Inquirer and its Daily News subsidiary show why their circulation numbers (and profits) continue to plummet: Because they are nothing more than a Democrat house organ propaganda outlet. They don’t report news–they manufacture and repeat, endlessly, Dem lies. Note the latest “editorial” written by the same people who supposedly report the news in what has become a Democrat rag. The editorial, reproduced below, blames the budget stalemate in the Pennsylvania on Republicans because Republicans are supposedly in the back pocket of Marcellus big oil and gas companies. The self-righteous and pure as the wind-driven snow Democrats only want all remaining profits from Marcellus Shale drilling for the chil’ren (those evil, nasty, vile big oil and gas companies, anyway). Of course the editorial says NOTHING about Democrat lust and desire for OPM–other people’s money–to fund Big Education and to repay Tom Wolf’s election debt to teachers’ unions. Nope, not a word. And that’s why rags like the Philly Inquirer and crashing and burning…
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The non-partisan website InsideGov, a site built and maintained by technology company FindTheBest, used public statements, press releases, campaign platforms and voting records to score each state governor’s view on important issues. InsideGov then used the data they collected to assign values for the most conservative political philosophy, and the most liberal. No lie–the single most liberal state governor in the United States is not Andrew Cuomo–he’s #5 in the list of most liberal. Nope. The single most liberal governor in these United States is (trumpet fanfare): Tom Wolf, from Pennsylvania. Wolf is ahead of the whack-a-doos in New York, Vermont, Connecticut and even Minnesoooota. Yeah, the same Tom Wolf who wants to steal the profits from Marcellus drillers to give to teachers’ unions to pay them back for voting him into office. That Tom Wolf. Most liberal. And what do the libs at Philadelphia Magazine write? (This is hilarious.) They write that even though Wolf walks like a liberal duck, quacks like a liberal duck, swims like a liberal duck–he isn’t really all THAT liberal…
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Thank God for Pennsylvania House Speaker Mike Turzai, Republican from Allegheny. Turzai continues to stand against the lunacy of Tom Wolf’s insane budget proposals, including a proposed Marcellus Shale severance tax that would further gut shale drilling in the state–handing the money raised over to teachers’ unions. Turzai said it’s time to think about overriding Wolf’s veto of the proposed Republican budget–a plan which balances the budget instead of running up the tab as Wolf would do. The Republican budget would INCREASE spending on education (something mainstream media doesn’t tell you) all while not increasing taxes on the middle class and without killing the Marcellus industry with a new/high tax. Socialist Tom Wolf won’t hear of it. So Turzai is putting out the word: Are there 16 Democrats in the House and 4 Democrats in the Senate that will be brave and bipartisan and reach across the isle to vote for a sane budget–to override Wolf’s veto? Apparently not yet–but perhaps there will be in time. Meanwhile, Wolf’s dirty tricks division continues to launch advertisements to smear Republicans, something Turzai calls “tawdry and unproductive”…
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In the midst of a political debate about whether or not to enact a severance tax comes another masterful one-two punch. First punch: the Democrat-controlled Pennsylvania Independent Fiscal Office (which is manifestly NOT “independent” but indeed is VERY dependent–on the Democrat Party) has issued an analysis that the world is ending for the impact fee assessed on Marcellus drillers. The IFO, spreading FUD (fear, uncertainty and doubt) says this year the impact fee is on track to raise the least amount of money it has raised since it’s introduction in 2012 (gasp!). How much less? Somewhere between $14 million and $33 million less (between 6-13% less). Why? Because drillers have slowed down and in some cases stopped drilling new wells due to low prices for natural gas. We note the IFO has never before, according to our recollection, issued such a forecast this early in the year. Why is that? Because the Dems need something/anything to try and bludgeon and bully Republicans into accepting the worst idea ever–taxing a single industry to transfer its wealth to another group of people who don’t earn any wealth on their own–teachers’ unions. Big Education only takes–they never give (except to transfer some of their taken money via union dues back the Democrat Party in a quid pro quo). The second punch then arrives right on cue, from a Democrat sycophantic news outlet publishes this breathless “news”…
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Proving just how partisan (and mean spirited) the Democrats in Pennsylvania have become, every single Democrat senator voted against a Republican balanced budget bill yesterday (highly partisan, those Dems) and when the bill went to Gov. Tom “in over his head” Wolf, Wolf immediately vetoed the budget bill–the first time a sitting governor has vetoed an entire budget bill in 40 years. Tell us again, John Hanger, whose philosophy is “my way or the highway”? It’s certainly not the Republicans’ philosophy. Wolf and the Dems are playing a high stakes game of “chicken.” They are in the minority in PA and they want to see if they can bully, pressure, and otherwise force Republicans to tax the Marcellus Shale industry out of existence in the state. The Republicans, to their credit, are hanging tough. Unfortunately the Republicans don’t have enough of a majority to simply override Wolf’s childish veto–but give it time. Sooner or later, if they hang tough, some Democrats will cave and vote to override the veto…
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Earlier this week Pennsylvania Gov. Tom Wolf’s budget and policy secretary, John Hanger, said this with regard to Republicans refusing to go along with Wolf’s Marcellus-killing severance tax: “Frankly, the Republican leadership is saying it’s our way or the highway” (see PA Republicans Say No Severance Tax in Budget Heading to Gov. Wolf). Yet yesterday top Democrat lawmakers let slip that when the Republicans send a budget to Wolf today or tomorrow, Wolf says he will automatically veto it–without having seen or read it. Tell us John, who’s really saying “my way or the highway” when it comes to the budget?…
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Good news for Pennsylvanians. The PA legislature is moving forward with passing a budget bill that does not include a Marcellus-killing severance tax. The Gov. Tom Wolf administration has been obstinate and unyielding in their demand for a 17.3% severance tax (often mischaracterized by Wolf and the media as a “5%” severance tax). The Republicans in both the House and Senate have (amazingly) held firm in their position of no new severance tax since Marcellus drillers already pay an impact fee (i.e., a tax) equivalent to a 3.2% severance tax now. Wolf’s claim that his tax is 5% is a flat out, 100% lie. He bases the tax on the assumption that drillers will get $2.97 per thousand cubic feet when selling natural gas. In many places (especially the northeastern part of the state) drillers are getting less than half of that. The difference between what drillers actually get and what Wolf pretends they get, plus the “little extra” 4.7 cents per Mcf added to the “5%” tax, pushes the effective rate, according to the PA Independent Fiscal Office, to 17.3% (see PA Official Admits Wolf Severance Tax Highest in Nation @ 17.3%). Wolf’s chief budget negotiator, John Hanger, has stooped to a new low, even for him, by saying Republicans have put drillers ahead of PA’s school children. Hanger presumes the money EARNED by companies that risk their own capital somehow belongs to life’s TAKERS–teachers’ unions. The question now is, will Wolf sign the Republican budget that is about to land on his desk without the big increase in “education funding” he demands because he promised it to union members who voted him into office (i.e., political payola)…
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Once again the Pennsylvania impact fee–the equivalent of a state severance tax on all oil and gas drilling in the state–will bring in an enormous amount of revenue for the state: $223.5 million for calendar year 2014 to be exact. That’s down slightly from the $225.7 million levied in 2013. Yesterday the PA Public Utility Commission (PUC) released the official numbers, a day after state Republicans leaked a draft version of the report. Those rascally Republicans wanted to share the news that the impact fee is doing just fine, thank you very much, and we don’t need Democrat Gov. Tom Wolf’s Marcellus-killing severance tax of 17.3% just to feed the beast (teachers’ unions). Note that drillers are required to pay their impact fee/tax by April 1st. Last year the PUC, under then-Gov. Tom Corbett, released a preliminary report of monies raised and to be distributed on April 4th (see 2013 PA Impact Fee Sets Record: $224.5M, Grand Total Now $630M). This year the PUC, under Gov. Tom Wolf, still hadn’t released the report by early June. Why did the PUC hold back the report this year? It took Republicans leaking the details to force the hand of the PUC into releasing the official numbers. Was the PUC, under Wolf’s newly appointed chairperson Gladys M. Brown, sandbagging for political reasons–to influence the debate on the severance tax by withholding important information? You decide. Below we have a breakdown of the numbers for 2014–who’s getting how much–along with some pretty charts from the PUC…
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After being shamed into it by state Republicans, the Pennsylvania Public Utility Commission (PUC), after delaying it for two months, yesterday released the numbers for the 2014 impact fees–the equivalent of a severance tax on PA’s drillers. The total raised was $223.5 million, to be divvied up between those places where drilling takes place (receiving 60% of the fee) and other boondoggles cooked up by Harrisburg politicians (the other 40%). See today’s companion story on who gets what from the 2014 impact fee (PA 2014 Impact Fee Disbursements: Why Did PUC Delay?). This post concentrates on the drillers themselves and how much money each one contributed to the impact fee pot for 2014. Below are some helpful pie charts from the PUC (including the number of active wells in the most-drilled counties), followed by the entire list of who paid how much…
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Pennsylvania Gov. Tom Wolf continues to face stiff opposition from the public at large, and (more importantly) from Republicans in the PA state legislature. The leadership of both the PA House and Senate have lined up against Wolf’s severance tax, which he claims is 5% but now everybody freely admits is really closer to 17% (see PA Official Admits Wolf Severance Tax Highest in Nation @ 17.3%). The PA budget is due by June 30. Negotiations between Gov. Wolf and the legislature continue. When the two sides meet, the temperature in the room noticeably drops. Wolf is in over his head and apparently doesn’t know it–or won’t admit it. He set an unrealistic expectation with teachers’ unions that he would pay them off for their support by taxing the #$#@ out of the Marcellus industry–transferring the hard-earned money of Marcellus producers to Big Education takers. PA Republicans in the state legislature are the firewall. Let’s hope the firewall holds…
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