MARCH 13, 2015 | by ELIZABETH STELLE
One third of the $675 million in new corporate welfare under Governor's Wolf budget proposal is reserved for alternative energy programs. Pennsylvania has given more than a billion dollars to alternative energy companies and job growth is still dismal. Handing out tax dollars based on political calculations is stifling economic progress.
MARCH 2, 2015 | by ELIZABETH STELLE
Pennsylvania needs a severance tax because that's what every other drilling state does. Sound familiar? It's a favorite argument of tax proponents but it misses the big picture. Pennsylvania taxes the natural gas industry many ways that don’t exist in other drilling states.
FEBRUARY 26, 2015 | by GORDON TOMB
Contrary to conventional wisdom, drillers are cutting back as talk of a natural gas severance tax heats up.
FEBRUARY 10, 2015 | by GORDON TOMB
The stories continue; more jobs, increased tax revenue and cheap energy, all from the free-market production of Marcellus Shale gas. Government programs simply pale in comparison to the revitalization spurred by natural gas.
DECEMBER 17, 2013 | by ELIZABETH STELLE
A fair and sound tax policy requires that people or businesses pay for the government they use, including the cost of extracting natural gas. Yet despite the passage of a natural gas "impact fee" nearly two years ago, a few lawmakers and government union bosses insist drillers still aren't paying their "fair share." The reality is, gas companies are already paying for more than they're using.
Given the fiscal challenges facing the state, many advocacy groups are calling for new taxes on natural gas. However, lawmakers should be aware that a severance tax will make Pennsylvania less attractive for gas drillers. Tax increases will not solve the long-term fiscal problems facing our state, with budgetary drivers like pension costs and welfare growing faster than our economy. Finally, this tax increase will victimize Pennsylvania landowners who will see their royalty checks shrink and small business owners who provide products and services to gas drillers.