DECEMBER 30, 2015 | by GORDON TOMB
A new analysis from NERA Economic Consulting projects Pennsylvania electricity bills will increase between 10 and 19 percent from 2022-2033 thanks to the U.S. Environmental Protection Agency’s (EPA) Clean Power Plan. The Clean Power Plan is really Cap and Trade in disguise with an enormous price tag.
JUNE 2, 2015 | by JONATHAN REGINELLA
In testimony to the Pennsylvania Senate Environmental Resources Energy Committee and Finance Committee, CF’s Nate Benefield explained the harmful impact the severance tax would bring to not just the oil and gas companies, but to all Pennsylvanians.
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.
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.