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Rick Saccone on Energy & Oil

 

 


EPA's tyranny hurts coal jobs

The EPA regulations have struck a major blow to all coal companies. We have worked hard to enhance the air quality in the region and it has improved exponentially. The new EPA regulations however, won't result in a measurable difference in air quality. This creates a reality in which the EPA is forcing Americans out of work with nothing to show in return. It's agenda is inconsistent with that of the people and its time we stand up to the tyranny of the EPA.
Source: 2018 Pennsylvania Senatorial website RickSaccone.com , Oct 15, 2017

No extraction tax on the Marcellus Shale gas

There is a renewed effort by "tax-everything" proponents and their ilk to offer an extraction tax on the Marcellus Shale gas industry as a panacea to the budget shortfall we are experiencing in Pennsylvania. Fortunately for the economic future of Pennsylvania, cooler heads have so far prevailed.

The extraction tax is one of the most demagogued and misunderstood issues facing the Legislature today. Most citizens don't realize the industry is already taxed in the form of an impact fee. That fee generates over $200 million in revenue each year and growing. Additionally, the industry paid $1.4 billion in state taxes and fees in fiscal year 2012.

Though some people think additional taxation makes sense, it actually would be a job-killing economic policy. Proponents cling to it because it is their default solution for just about every revenue shortfall. Citizens are deluged with misinformation ignoring how much this industry contributes to the economy.

Source: 2018 Pennsylvania Senate race website, RepSaccone.com , Jun 19, 2014

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