Bill Could Mean Huge Tax Hike for Energy Providers
June 19th, 2007 by Peter DeeryThe Hill newspaper reports on the proposed tax increases in the new energy bill. Instead of focusing on increasing our domestic oil production, this bill is looking to tap new and expensive renewable energy sources to be paid through tax hikes on oil companies. In addition, royalty rates on offshore oil production would be raised over the next decade causing further disincentive for our energy providers to continue domestic production. Read more here:
