External Affairs Intern, Cabot Oil & Gas
Severance tax illusions seem to be the order of the day in Pennsylvania today among many politicians, but there are some who, thankfully, grasp the realities.
There’s been heated discussions on both sides of the Pennsylvania Severance Tax proposal ever since its unveiling earlier this year by Governor Tom Wolf. We’ve discussed it before here on Well Said and featured guest posts like this one from Kevin Sunday with the Pennsylvania Chamber of Commerce.
Recently, Pennsylvania State Representative Rick Saccone released a video talking about the Severance Tax Proposal along with the hard facts of what it would mean for the industry.
The Saccone video clocks in at roughly 10 minutes and takes viewers through an easy to understand discussion on the natural gas industry and the current severance tax proposal.
The attached infographic, based on the information in Rep. Saccone’s video, compares some seemingly popular severance tax illusions with the realities:
Editor’s Note: It doesn’t get much more clear than this, does it? Rep. Saccone’s video statement is unusually blunt for an elected official and speaks to the importance of natural gas development to his district, something he’s obviously determined to protect. He lays it all on the line with refreshing candor. Please take the time to watch the whole thing.