Read

Why Punish Innovation?

Why load high taxes on the fastest growing industry in the country — the energy industry, which, with new technologies such as horizontal...

Why load high taxes on the fastest growing industry in the country — the energy industry, which, with new technologies such as horizontal drilling, has expanded known reserves of natural gas to 25% of the world’s supply, from 10%? At the 4% Growth Project conference, Bernard Weinstein pointed out that the effective tax rate for the energy sector is about 41%, while for other industries it’s about 26%.